By Boby Michael MUMBAI, APR 15 : India's March WPI inflation may be revised to 10% or above forcing the Reserve Bank of India to remain hawkish for the next six months, Credit Suisse said. "Given the over 1% upward revision in the January inflation print, we wouldn't be surprised if March number too is revised up to possibly 10%," Devika Mehandiratta, Vice President, emerging markets economic research at Credit Suissee, wrote in a note Friday. India's headline inflation in March quickened more than expected 8.98% from 8.31% a month earlier. A TickerNews poll of economists had forecast inflation at 8.36%, higher than the RBI estimate of 8%. The brokerage also said that even if global commodity prices remained steady, Indian inflation is likely to stay above 8% until October. WPI inflation will also lead to dip in companies' profitability as producers won't be able to fully pass on the recent large increase in input prices, Mehandiratta said. Credit Suisse expects the RBI to hike key rates by 25 basis points in May and by the same quantum next month. But it expects the central bank's policy bias to shift from hiking rates to preserving growth towards the end of this financial year. "While inflation worries would dominate next six months or so, RBIs policy bias is likely to put increased emphasis on growth thereafter," Mehandiratta said. Filed by Gautam Chakravorthy +91 (22) 66497000. feedback@tickerplantindia.com Copyright (c) TickerPlant Ltd.