The RBI, which will meet on October 25 to review policy, has raised interest rates a dozen times since March 2010.
New Delhi: The wholesale price index (WPI) rose 9.72 percent in September from a year earlier, government data showed on Friday, girding the market for a possible rate hike this month despite weakening domestic growth and bleak global outlook.
The figure was almost in line with the median forecast for a 9.70 percent rise in a poll and was lower than the annual rise of 9.78 percent in August.
The WPI is more closely watched than the consumer price index (CPI) in India as it covers a higher number of products.
The RBI, which will meet on October 25 to review policy, has raised interest rates a dozen times since March 2010 to combat stubbornly high inflation and is expected to tighten them further one last time this year before a pause.
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