Inflation up 4.41pc for week ending July 14

New Delhi, July 27: The headline inflation rate rose to 4.41 per cent for the week ending July 14, after remaining steady for two consecutive weeks at 4.27 per cent.

The annual inflation rate was 4.62 per cent during the corresponding week last year, an official statement said here.

It managed to stay below the psychological barrier of five per cent for the eighth consecutive week.

Ahead of the Central Bank's monetary policy review on July 31, analyst say they do not see any reason for a further rise in interest rates.

However, the overnight call money rates closed at 0.20-0.30 per cent yesterday, indicating abundant cash supply in the banking system. The surfeit of cash might result in inflation rising further.

UNI