MUMBAI (Reuters) - The BSE Sensex ended 0.8 percent lower in choppy trade on Wednesday as November inflation held stubbornly above 9 percent, disappointing investors, but growing hopes that the Reserve Bank of India could keep rates steady this week and likely adopt a more dovish tone amid slowing growth dabbed some cheer. The wholesale price index in November rose 9.11 percent from a year earlier, remaining above 9 percent for 12 consecutive months despite 13 rate increases by the RBI Inflation, however, eased from October's 9.73 percent rise, driven by a sharp drop in food inflation. ...
12/14/2011 09:35:00 PM
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