Forex Flash: WPI in India eyed after RBI comments – TD Securities

By FXstreet.com,  July 16, 2012, 04:27:00 AM EDT

FXstreet.com (Barcelona) - The release of Wholesale Price Index ( WPI ) for June in India will be eyed closely after RBI comments that policy easing is contingent on inflation falling. Although the expected annualized figure is 7.61% after rising to 7.55% in May, TD Securities analysts point to increasingly imprecise WPI forecasts. "With base effects and rising food prices implying upside risks to primary goods inflation, which should be only partly balanced by falling manufactured goods WPI, the markets could be facing another upside surprise", wrote the economists.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks: WPI



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