India's wholesale price inflation for March surged to 9.90 percent on the back of high food and fuel prices and headline inflation is now spilling over to the manufacturing sector.
A rate hike by the Indian central bank in its April 20 policy review is a near certainty and the markets have priced in a 25 basis points hike in the policy.
A Reuters poll suggests that analysts expect a 100 basis points hike in key rates from now to end December.
(Reporting by C.J.Kuncheria; Editing by Aradhana Aravindan)
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