India Wholesale Price Index Inflation (YoY) For September -0.26% Vs. 0.50% Est.; -0.52%
Portfolio Pulse from Benzinga Newsdesk
India's Wholesale Price Index (WPI) inflation for September was reported at -0.26%, lower than the estimated 0.50% and the previous month's -0.52%.
October 16, 2023 | 6:30 am
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NEUTRAL IMPACT
The lower than expected WPI inflation in India could impact the performance of the iShares MSCI India ETF (INDA).
The Wholesale Price Index (WPI) is a significant economic indicator in India. A lower than expected WPI inflation rate could indicate a slower than expected economic growth, which could impact the performance of the iShares MSCI India ETF (INDA), as it tracks the Indian market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80