Inflation for the week-ended November 1 has reached single-digit and come in at 8.98% compared with 10.72% the week earlier.

So what do experts make of this number?

Yes Bank feels week-ended November 1 inflation below 10% has come in sooner than expected. It feels the time is ripe for RBI to further cut rates. "We see a 50 bps repo rate and 25-50 bps reverse repo rate cut in the near-term. We expect RBI to infuse more liquidity."

ICICI Securities sees inflation at 4.5% by March. It expects inflation to continue its downturn trend.

Internals                                      % week-on-week

Manufacturing WPI                        Down  0.7

Fuel and power                              Down  3.4

Naphtha                                        Down  33

Aviation turbine fuel prices            Down  18