April WPI higher than estimates, weaker rupee a concern: Experts
India's annual rate of inflation for the month of April 2012 rose to 7.23 per cent, from the year-ago period. Headline inflation was 6.9 per cent in March. Commenting on the numbers, Shubhada Rao, Chief economist at Yes Bank told NDTV Profit that the headline inflation numbers higher than expected and the core inflation numbers need to be revised upwards. Saugata Bhattacharya, Economist at Axis Bank, on the other hand, said that the manufacturing inflation numbers for April are still under control. They both feel that a weaker rupee is compounding problems.
