Rate hike looms as Sept inflation stays high at 9.72%

Last updated: 15 October 2011

Indias inflation rate continued to remain close to worrisome double-digit levels bolstering speculation that the Reserve Bank of India (RBI), despite a slowing economy, may increase interest rates yet again to cool prices when it presents the quarterly policy review later this month. So, expect your EMIs on loans to go up all over again. Wholesale price index (WPI)-based inflation, Indias most-watched cost of living index, stood at 9.72% in September, only marginally lower than the prev
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