India's December wholesale-price index slows to +7.18% Y/Y, the lowest in nearly a year, from...

|By:, SA News Editor

India's December wholesale-price index slows to +7.18% Y/Y, the lowest in nearly a year, from +7.24% in November and vs consensus of +7.37%. Consumer prices +10.56%. The slowing WPI could give the Reserve Bank of India scope to cut interest rates when it meets in a couple of weeks, with economists expecting a 25 bps reduction to 7.75%.