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December retail inflation eases to 5.22% from 5.48% in previous month as food price growth slows

December retail inflation eases to 5.22% from 5.48% in previous month as food price growth slows

NEW DELHI, Jan 13(Reuters) – India’s annual retail inflation in December eased to 5.22% from 5.48% in the previous month as the rate of increase in food price slowed, according to government data released on Monday. Annual retail inflation in December was lower than economists’ estimate of 5.3% in a Reuters poll. Inflation in food items, which account for nearly half of the consumption basket, slowed to 8.39% in December from 9.04% a month earlier. Vegetable prices rose 26.56% year-on-year in December, compared to a 29.33% increase registered in November and 42.18% in October. Prices of cereals rose 6.5% from

As PM Modi prepares to turn 75, rupee has declined well past 86 to the dollar: Congress

As PM Modi prepares to turn 75, rupee has declined well past 86 to the dollar: Congress

New Delhi, Jan 13 (PTI) Taking a swipe at Prime Minister Narendra Modi over fall in the value of rupee, the Congress on Monday said as the fall continues, he has clearly been “hoist with his own petard”. The rupee logged its steepest fall in nearly two years, plunging 55 paise to hit a historic low of 86.59 against the US dollar during mid-session on Monday due to strengthening of the American currency and surging crude oil prices. “When Mr. Narendra Modi took over as PM he was about to turn 64 and the rupee was at 58.58 to the

Rupee dives 55 paise, deepest in nearly two years, to hit record low of 86.59 against US dollar

Rupee dives 55 paise, deepest in nearly two years, to hit record low of 86.59 against US dollar

Mumbai, Jan 13 (PTI) The rupee logged its steepest fall in nearly two years, plunging 55 paise to hit a historic low of 86.59 against the US dollar during mid-session on Monday due to strengthening of the American currency and surging crude oil prices. At the interbank foreign exchange, the rupee opened at 86.12 and fell to the lowest ever level of 86.59 against the greenback during mid-session, registering a loss of 55 paise from its previous close. The local unit however pared some losses and was later trading 46 paise down at 86.50 versus the dollar. The fall of

Rupee crashes 27 paise to hit record low of 86.31 against US dollar in early trade

Rupee crashes 27 paise to hit record low of 86.31 against US dollar in early trade

Mumbai, Jan 13 (PTI) The rupee’s slide show went on for the second straight session on Monday as it crashed 27 paise to hit a new lifetime low of 86.31 against the US dollar, dragged down by a robust American currency amid volatile global cues. A record surge in crude oil prices, sustained outflow of foreign capital, and a negative trend in domestic equity markets also kept the Indian currency under pressure, forex traders said. The dollar, they said, strengthened on better-than-expected job growth in the US market, which also fuelled the benchmark treasury yields amid expectations of slower interest

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