ET:Rupee pares losses as core inflation below estimates
The rupee is off lows after February core inflation eased. The rupee is at 54.34/35, off 54.46/47 pre-data levels, versus Wednesday's close of 54.30/31.
India's headline inflation came in above expectations at 6.84 per cent, but economists estimate core inflation to have sharply slowed to 3.8 per cent.
The Sensex gained 0.77 per cent. The RBI chief comments on budget and lower core inflation have cemented a 25 bps rate cut hope on March 19, dealers say.
