India's June inflation Slides to 7.25 Per Cent; RBI Pushed to Cut Rates

By International Business Times,  July 16, 2012, 03:53:22 AM EDT

India's headline inflation slowed to its lowest level in five months in June, helped by slower increases in fuel prices, adding to pressure on the RBI from business leaders to cut interest rates to help revive the lacklustre economy.

The wholesale price index ( WPI ) -- India's main inflation gauge -- rose an annual 7.25 percent in June, lower than the 7.62 percent rise estimated by analysts. Wholesale prices provisionally rose 7.55 percent in May.

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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, Commodities

Referenced Stocks: WPI



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