Inflation eases to 0.48 pc

 For the ninth week in a row, inflation stood below the one per cent mark, which may prompt the RBI and banks to cut interest rates.
Wholesale price inflation declined by 0.22 percentage points from 0.70 per cent in the previous week.
Inflation stood at 8.73 per cent during the same week a year ago.
Expecting easing of food prices in the coming week, analysts are divided over whether the inflation would slip below zero level.
Inflation for the week ended March 3 was revised upwards to 0.89 per cent from 0.44 per cent as estimated provisionally.