NEW DELHI: As wholesale inflation eased to 3.58 per cent in December, India Inc today urged the Reserve Bank to reduce key policy rates to augment investments and boost economic growth. The WPI inflation was 3.93 per cent in November 2017 and 2.10 per cent in December 2016. Assocham said inflation may remain high till April-June 2018, even as successive hardening of core inflation in last five months can be seen as a cause for concern. "We also look forward to the Union Budget to provide details on more specific measures towards strengthening of agriculture supply chain for effective management of food prices. In its last policy review in December, RBI had kept key repo rate unchanged at 6 per cent and reverse repo rate at 5.75 per cent.

Source: Economic Times January 15, 2018 09:45 UTC