date:Apr 16, 2013
revised upwards to 7.31 percent, from 6.62 percent provisionally.
The decline in March inflation and a slowdown in industrial output growth to 0.6 percent in February has raised expectations of rate cut by RBI to boost growth. RBI will announce its annual policy on May 3.
The 5.96 percent March-end inflation is much lower than the Reserve Bank's projection of 6.8 percent.
Near one percentage point drop in the inflation has come as a big relief to the industry and as a pointer to the RBI to r