InfoAnda - Indian inflation at nine-month low of 6.38%

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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Indian inflation at nine-month low of 6.38% AFP - Friday, January 2 NEW DELHI (AFP) - - India's inflation rate fell to a nine-month low, government data showed Thursday, providing more scope for interest rate cuts to boost growth. The annual rate of inflation fell from 6.61 percent to 6.38 percent for the week ending December 20, according to the Wholesale Price Index, the most watched cost-of-living monitor. Inflation has fallen sharply since it crossed 12 percent for the first time in 13 years in August. A reduction in prices of petrol and diesel by the government and a cut in value added tax by four percentage points earlier in the month have brought prices down. Economists said the central Reserve Bank of India was expected to lower interest rates at its next scheduled monetary policy meeting on January 27. Various Indian government officials have projected economic growth of between seven and eight percent for the year to March 2009, down from three years of at least nine percent expansion. However, many economists forecast growth of around 6.8 percent to March and as low as 5.5 percent the following year. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Chinese textile firms see first profit fall in 10 years: state mediaAFP - 37 minutes ago Indian inflation at nine-month low of 6.38%AFP - Friday, January 2 Taiwan leader calls for unity amid severe economic challengesAFP - Friday, January 2 NKorea declares new campaign to rebuild moribund economyAFP - Friday, January 2 Related Articles: Business Chinese textile firms see first profit fall in 10 years: state mediaAFP - 37 minutes ago Time Warner Cable and Viacom reach dealAP - 52 minutes ago WRAPUP 11-Russia cuts off gas to UkraineReuters - 1 hour 16 minutes ago Slump means identity crisis for Las VegasAP - 1 hour 47 minutes ago SNAPSHOT - Financial Crisis - 1900 GMTReuters - 1 hour 58 minutes ago Enlarge Photo Indian inflation at nine-month low of 6.38% Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed NASA describes final moments of Columbia tragedy Actress Jennifer Aniston appears naked in GQ magazine Japanese tourist spends 3 months in Mexico City airport Hamas defiant as Israel rejects Gaza truce World stocks end calamitous 2008, eye recovery View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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