| Inflation continues to rise; touches 6.73% |
| BS Reporter / New Delhi February 15, 2007 |
| Inflation shows no sign of abating with the annual rate based on the wholesale price index rising to 6.73% for the week ended February 3, as compared to 6.58% for the previous week. The annual rate of inflation stood at 3.98% on February 4, 2006. The latest data renews expectations of the Reserve Bank of India taking further monetary measures aimed at containing inflation to the targeted 5 to 5.5% for FY07. It also reinforces the view that recent supply side interventions taken by the government - to ban exports of wheat and milk powder and import duty cuts on cement, steel and edible oils |
