date:Apr 16, 2013
previous month.
The stock markets reacted positively to the inflation number and the BSE 30-stock index, Sensex, closed 115.24 points higher at 18,357.80.
The RBI has cut interest rates twice in 2013 by 0.25 percent each to promote growth but cautioned that rate cut in the future would depend on moderation in inflation.
Industry has been demanding a rate cut to boost growth which is estimated to have fallen to a decade's low level of 5 percent in 2012-13 fiscal.
The government is taking step