WPI Data for April 2012

WPI data is expected to be around 6.7. The higher this number is the stronger the affect on consumer inflation. A higher than expected reading should be taken as positive/bullish for the INR. However it would not help Nifty getting higher because a good WPI number means RBI  will have a reason to shun any rate cut. This may trigger a set back on all those expectation of Dalal Streat.