India's wholesale inflation accelerated in December to 2.37% year-on-year, from 1.89% in November, government data showed on Tuesday, but in line with market expectations. The wholesale inflation rate,

India's inflation declined for a second straight month year on year, coming in just below expectations at 5.22% in December. The cooldown in price growth boosts the case for prospective interest rate cuts.

New Delhi: India’s wholesale price index-based inflation climbed to a two-month high of 2.37% year-on-year in December, according to the provisional data released by the Ministry of Commerce and Industry on Tuesday.