New Delhi: India's wholesale inflationary pressures remain elevated, but easing global crude oil prices and a stable rupee could help soften future price risks, potentially allowing the Reserve Bank of India (RBI) to defer any immediate rate hike despite a sharp rise in wholesale price inflation, according to a YES Bank report.
The report noted that the newly rebased Wholesale Price Index (WPI) inflation accelerated to 9.7 per cent year-on-year in May from 8.3 per cent in April, reflecting continued input cost pressures across the economy.
