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    HomeNewsBusinessStocksExpects RBI to raise repo rate by 25 bps: ICRA

    Expects RBI to raise repo rate by 25 bps: ICRA

    ICRA has come out with its report on weekly food inflation. The research firm says that WPI inflation increased to 9.4% in June 2011 from 9.1% in May 2011. ICRA continues to anticipate that a 25 bps rise in the repo rate would be instituted during the upcoming policy review.

    July 15, 2011 / 16:40 IST

    ICRA has come out with its report on weekly food inflation. The research firm says that WPI inflation increased to 9.4% in June 2011 from 9.1% in May 2011.

    Higher inflation related to the fuel  index (following the revision in prices of kerosene, diesel and LPG in June) and minerals index (reflecting rising commodity prices) resulted in an increase in overall WPI inflation to 9.4% in June 2011 from 9.1% in May 2011. Although the initial reading is lower than ICRA

    first published: Jul 15, 2011 01:02 pm

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