.........Voicing similar concerns, Assocham Secretary General D S Rawat said the increase in WPI inflation released today before RBI's monetary policy review on Wednesday is certainly a big dampener for India¿s macro picture. "Still, the RBI should take a contrarian call this time around and hold the interest rates, if not drop them, since the data suggests that inflation has largely come about riding on a steep rise in prices of food articles, particularly fruits and vegetables," Rawat said..........
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