NEW DELHI: India’s wholesale price inflation hit a five-month low in July, data showed Thursday (Aug 14), but steep retail price growth means the central bank is unlikely to cut benchmark interest rates soon.
The Wholesale Price Index, closely watched to assess price rises in India, increased 5.19 per cent from a year earlier – slightly above market forecasts of a 5.1 per cent rise – after climbing by 5.43 per cent the previous month.
