Reuters Market Eye - The rupee is off lows after February core inflation shows easing; pair is at 54.34/35, off 54.46/47 pre-data levels, versus Wednesday's close of 54.30/31.
Headline inflation came in above expectations at 6.84 pct, but economists estimate core inflation to have sharply slowed to 3.8 pct. The Sensex gains 0.8 percent. (Read full story https://bsmedia.business-standard.comin.reuters.com/article/2013/03/14/india-inflation-february-rbi-idINDEE92D03320130314)
The RBI chief comments on budget, lower core inflation cement 25 bps rate cut hopes on March 19, dealers say.
(Reporting by Subhadip Sircar)