India Wholesale Price Index (WPI) Inflation (YoY) For February 0.20% Vs. 0.25% Est.; 0.27% Prior
Portfolio Pulse from Benzinga Newsdesk
India's Wholesale Price Index (WPI) inflation for February was reported at 0.20%, slightly below the estimated 0.25% and the previous month's 0.27%. This indicates a slight decrease in wholesale price inflation in India.
March 14, 2024 | 6:34 am
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The reported decrease in India's WPI inflation could signal a cooling of inflationary pressures, potentially impacting the performance of the INDA ETF.
The INDA ETF, which tracks the Indian market, could see a positive impact from the reported decrease in WPI inflation as it may signal a cooling of inflationary pressures in India. Lower inflation can lead to more favorable economic conditions, potentially boosting investor confidence in the Indian market.
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