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PersonalFN provides Financial Planning, Investment Planning and Mutual Fund Research and Recommendation services for those looking to invest in India. The services are available on a personalized basis as well as online. PersonalFN provides research based FREE Financial Newsletters (Financial... More
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  • RBI unlikely to increase policy rates 0 comments
    Dec 17, 2010 6:23 AM | about stocks: RBI

    India’s Wholesale Price Index (WPI) eased to 7.48% in the month of November 2010 as compared to 8.58% in October 2010. When analysed with the data available last year during the same period i.e. November 2009, the headline inflation still appears elevated due to low base effect (last year in November 2009 WPI inflation was 4.78%).


    Food inflation meanwhile for the month of November 2010 dropped to 9.41% from 14.13% in October 2010, but interestingly the index for food articles rose by 0.06%. Manufacturing inflation too witnessed a marginal dip to 4.60% for November 2010 from 4.70% witnessed in the month of October 2010.


    Food items (both primary and manufactured food articles) have a weight of 24% in the WPI, on the basis of which inflation is calculated, while manufactured items (barring food products) have a weight of 55%.


    In the month of November 2010, petrol & power inflation dropped to 10.32% from 11.02% in the previous month (October 2010).

    Read more:

    RBI unlikely to increase policy rates

     

    Stocks: RBI
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