According to the data released by the Ministry of Commerce and Industry showed on Monday, that the wholesale prices have picked up in November with prices rising 1.55% from a year earlier.
As reported by the Reuters, the annual wholesale price index rose in November, mainly because of an increase in prices of manufactured items in the festival season, from a year earlier, compared to 1.62% rise predicted by analysts in a Reuters poll.
Retail inflation for industrial workers rose marginally to 5.91% in October from 5.62% in September this year mainly due to higher prices of certain food items.
India’s foreign exchange reserves continue to provide a bulwark against rupee volatility. India’s foreign exchange reserves rose $7.8 billion to touch a record high of $568 billion November. October saw net portfolio inflows of about $2.5 billion in India’s stock market, and November has seen a continuation of that trend
The all India Consumer Price Index for Industrial Workers (CPI-IW) for October 2020 increased by 1.4 points and stood at 119.5 points.