......The March WPI figure is below the Reserve Bank of India's (RBI) projection. In the third-quarter review of the monetary policy held on January 29, RBI had said, "Keeping in view the expected moderation in non-food manufactured products, inflation, domestic supply-demand balances and global trends in commodity prices, we revised downwards the baseline WPI inflation projection for March 2013 from 7.5 per cent to 6.8 per cent.".........
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