Vegetable prices will lead the entire headline figure down to possibly 5.5 percent figure but the core WPI is expected to still be static at those 2.8 percent levels.
tosh Raina of HDFC Bank expects the bond market to be in a range for some more time because of the expected news on switch.
According to CNBC-TV18 poll WPI inflation could also cool off a bit like the consumer price index (CPI) to around 7.1 percent versus 7.52 percent month-on-month. However, range could be anywhere between 6.5-7.8 percent.
The new RBI chief, in his first speech, had hinted inflation will form the basis for framing the next monetary policy. With inflation coming in at 6.1 percent, experts are concerned that growth will not be given due importance, this time too.
As per consensus expectations, the Reserve Bank of India (RBI) cut its policy interest rate by 25 basis points for the third time since January on Friday. It kept the cash reserve ration unchanged. In its statement RBI said there was little space for further easing.