New Delhi, Mar 16 (PTI): Wholesale price inflation rose to a 11-month high of 2.13 per cent in February, driven by an uptick in prices of food and non-food articles, even though vegetable prices eased on a month-on-month basis, government data showed on Monday. This is the fourth straight month of rise in Wholesale Price Index (WPI)-based inflation. It was 1.81 per cent in January and 2.45 per cent in February last year. Economists said the WPI inflation is likely to pick up pace further if the oil price rise persists, and spills over to other goods (fertilisers, aluminium) given

New Delhi, Mar 16 (PTI) The interim trade agreement between India and the US will be signed once the new global tariff architecture of America is in place, a senior government official said on Monday. “Because at the end of it, each country is doing a deal as a part of a package where one is at comparative advantage…vis a vis competitors,” the official said. India and the US last month announced finalisation of a framework for the first phase of the bilateral trade agreement. According to that framework, the US had agreed to reduce tariffs on India to 18

Mumbai, Mar 16 (PTI): The rupee stayed weak and lost 13 paise to 92.43 against the US dollar in early trade on Monday, weighed down by massive withdrawal of foreign funds and surging crude oil prices amid geopolitical uncertainties. Volatile sentiment in domestic equity markets further dragged the currency down even as the greenback retreated from higher levels, according to forex traders. At the interbank foreign exchange, the local unit opened at 92.44 and stayed close to its lowest-ever intra-day level, trading at 92.43 against the greenback, registering a loss of 13 paise from its previous close. In the preceding