'Inflation bottoming out, no room for RBI rate cut'
Inflation has bottomed out leaving the Reserve Bank of India (RBI) with less room to undertake further rate cuts, India Ratings and Research (Ind-Ra) has said. However, according to the data released by the central bank, mean household inflationary expectations for three months ahead in June rose by 110 basis points (1.1%) to 9.2% from the March survey, it added.