New Delhi (Reuters)-India's benchmark inflation rose 7.55% in May, keeping prices pressure rises, make more difficult to recover the central bank economic growth, and widely expected rate next week.
The wholesale price index (WPI) from April's 7.23% rise in the food and fuel prices picked up. It is in line with Reuters survey expectations.
Growth this year to keep inflation close to the highest level-march data to be revised up to 7.69% in 2012-the high pressure to revive the economy operation for nine years and guide the lowest low tide damage the national policymakers rating down to junk level.
Even so, traders said, not including the volatility of the larger food and fuel prices, core inflation to 5% or so, the reserve bank of India (RBI) in Monday's meeting its policy interest rate cut of the space.
A. Prasanna, ICICI securities in mumbai elementary school dealers economists said: "with core inflation is still less than 5%, I hope rbis cut by 25 basis points of interest rate, because this is the key Numbers,".
Economists from the data calculation core inflation.
India's bond prices and stock down, and the data weakened rupees, because it away earlier the title of the hype digital will lower than 7%.
India's repurchase rate at 8.00%, is the highest in Asia major economies of central bank interest rates between policy. April cut speed growth prospects become a notable 50 basis points.
A in new Delhi and the eurozone debt crisis of political deadlock are considering in Asia's third largest economy. Capital flows into a slowdown, the current-account deficit widened.
Growth fell to 9 years in 2012 and this week calendar data show that April industrial production grew 5.3% in the first quarter of flatlined low, trigger fresh calls for the government to start since 2004 stagnant economic liberalization scheme.
GDP figures of the Reuters survey predicted the repurchase rate rbis 25 basis points, to 7.75% from on Monday, to support economic growth.
Mumbai bank of baroda chief economist said: "there is room did not leave any of fiscal stimulus, therefore cause growth, the reserve bank of India cut interest rates, holy lu palmer reggie policy Nitsure.
Even so, India's central bankers are faced with a difficult choice and inflation at relatively high levels.
Supply bottlenecks, stoke price pressure still largely unattended, weaken the inflation of the fight. In a record low rupees caused by the pressure drop the price of imports.
Standard &poor's this week threatened to relegation to the investment grade sovereign rating country to junk status, reason is the weak economic fundamentals and policy inaction. Cut its long-term prospects for India's rating to negative, from April stability.



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