Inflation at 9.72% in Sept, RBI unlikely to pause yet........

Almost unchanged  from 9.78% in August Inflation for September is near double digit figure levels.Wholesale prices rise by 9.72% in September from 9.78% in August. Central banks in number of countries have cut down the rates to meet the demand but despite rising pressure from industry . The RBI has maintained that it will not paused till it sees a conclusive evidence that inflation is cooling off.Stock market & bond yields did not react to the inflation numbers as the rate increase appears to have been built into expectation. For the monetary policy stance, to change inflation has top come down & show signs of definite decline.Some economists saw a ray of hope as sharply  upward monthly revisions in data had come off & the momentum in inflation is also waning. The ineffectiveness of rising interest for controlling inflation & weakening monitory policy can be attributed to the supply bottlenecks with drift in policies to guide supply chains.The falling in rupee also added pressure on Supply chain.                          

                                                 Lets hope inflation in India comes down.