....... Rangarajan also assured that the government's immediate aim was to bring down inflation to 6%, but when it falls to 6.5%, one can expect the RBI to ease rates. However, IIP is not the data that the Reserve Bank of India looks very closely at, especially the provisional numbers, because they tend to be very volatile. Definitely for policymaking, the WPI numbers are more crucial. The next WPI numbers are to be declared on February 14.…….
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