Sunday, July 6, 2008

Indian inflation up 11.63 pct, rate hike seen AS ON 4-JUL-08

India's annual rate of inflation rose to 11.63 percent as the country continued to feel the knock-on effect of a hike in state-set fuel prices, government data released Friday showed.

The rate, for the week ended June 21, was against 11.42 percent for the previous week and remains at a more than 13-year high, according to the Wholesale Price Index, the most closely watched price monitor.

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