Angel Broking - WPI Inflation Update - November 2013

[Rajesh Desai]

Dear All,

 

Forwarding you the WPI Inflation Update – November 2013.

 

WPI inflation surprises negatively

 

The Wholesale Price Index (WPI) based inflation surprised negatively during November 2013 by coming in at 7.52% higher than market expectations of 7.00%.

 

During the month, inflation across major components – primary articles, fuel and power and manufactured products has witnessed an uptick as compared to that in the previous month.

 

We expect the RBI to hike its policy rate by 25bp in the upcoming policy review on December 18 in light of its continued focus on restraining inflation and anchoring inflationary expectations.

 

Kindly click on the following link to view the Report.

 

WPI Inflation Update - November 2013

 

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With best regards,
Fundamental Adivsory Desk

Akruti Star, 6th Floor,
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Direct: (91) (022) 39357600 Ext. 6865
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Disclaimer: Ours is an advisory role. The final decision and consequences based on our information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice.

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CA. Rajesh Desai