Pressure for higher policy rates in India is ratcheted up after wholesale inflation comes in...

|By:, SA News Editor

Pressure for higher policy rates in India is ratcheted up after wholesale inflation comes in hotter than expected, rising to 9.0% Y/Y in March from 8.3% the previous month. After a series of 25 basis point moves, traders speculate the RBI may go 50 in May. India -1.6%.