Interest rates likely to be cut
Posted on: 12/Sep/2015 4:22:07 PM
Interest rates are likely to be cut down by the Reserve Banks as the inflation based on wholesale price is set to come down by 4.3 percent.
In August, every year, there is a fall of wholesale price in India by 4.3 percent. A decline is expected in the cost of energy and manufacture goods while there will be a steep fall in price of food items which will be a result of base effects.
There is also a slip in the retail inflation as it has touched a historic low of 3.78 percent in July month. The monetary easing cycle is paused for now, but future cuts will be made as there is a fall in inflation.
