Wholesale Inflation Subdued, RBI Rate Cut On Cards: Emkay

Wholesale inflation numbers were lower than market expectation of 0.99 per cent mainly due to the sharp plunge in fuel and power inflation, said Rahul Gupta, currency research head, Emkay Global Financial Services.

"Onion prices jumped by 122.40 per cent in September from 33.01 per cent in August. The RBI prefers looking at CPI (Consumer Price Index) print, however, subdued wholesale inflation still keeps RBI rate cut on cards," he added.



