Desai said rate cuts of the RBI should be a continuous process.
This was the second fall of headline inflation in three months.
However, the food prices remained high, according to the the data released.
Government must step up and translate rate cut into jobs, spending and growth
Latest Google search trends show a decline in online interest for ‘inflation.’
Headline inflation for December rose marginally 0.11 % compared to a 0 % growth during November.
But the industrial data is unconvincing, and a rate cut is needed to secure growth.
Reviving hopes of manufacturing recovery, industrial production grew at five-month high…
2014 was the year of acrimony. 2015 promises to be the year of acronyms.
Growth seen in smaller centres after last reduction in 2012-13; RBI expected to trim rates in Feb review.
WPI food inflation moderated to just 0.63% last month on a 28.6% contraction in vegetable prices.
WPI inflation eases for a 6th straight month in November to its lowest in nearly 5-1/2 years.
Indian consumer inflation probably fell to a record low in November, dragged down by falling food and fuel prices…
The Reserve Bank of India will start talks with the government for an “appropriate timeline”…
India’s retail inflation probably hit a record low in November thanks to falling prices for oil and food items…