Top economy news of the day

India Infoline News Service | Mumbai |

Wholesale Price Index (WPI)-based inflation rose to a three-month high of 5.7 % in March, from a nine-month low of 4.68 % in February.

The RBI may allow foreign institutional investors (FIIs) to participate in the exchange-traded currency derivatives market, where volumes have been dropping at an alarming rate. To resuscitate this market, the Reserve Bank has also relaxed some of the trading curbs imposed in 2013.(BL)

The southwest monsoon is likely to be below normal in 2014 because of the evolving El Niño, a warming of the Pacific Ocean that upsets weather patterns across the globe, according to a forecast issued on Tuesday by a leading private meteorological agency, Skymet.(BS)

Wholesale Price Index (WPI)-based inflation rose to a three-month high of 5.7 % in March, from a nine-month low of 4.68 % in February. This increase was mainly due to supply-side constraints, primarily in certain foods.Retail inflation, as measured by the Consumer Price Index (CPI), increased to 8.31 % in March against 8.03 % in February, led by a sharp rise in the prices of vegetables and fruit.(BS)

Public sector oil retailers have reduced petrol prices by 70 paise a litre (excluding State levies) with effect from midnight of April 15.(BL)
 

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