Zeebiz.com
New Delhi, July 15: Inflation is likely to inch up to 7.82 percent for June, from 7.55 percent in May, and the Reserve Bank is unlikely to go in for steep rate cuts at the forthcoming monetary policy reviews, says a report.
By observing the price movements of different sensitive commodities during the May-June period, the annual estimated inflation is likely to be at 7.82 percent in June 2012, said brokerage firm ICICI Securities in a research report.
The June inflation numbers are scheduled to be released on Monday.