~INDIA INFLATION UP MARGINALLY TO 5.60%~

NEW DELHI : Indiaâ€™s inflation rate rose to 5.60 percent for the week ended 10th January from 5.24 percent in the previous week. The rates are on the declining track for the past one month mainly on declining fuel rates globally and domestically. The inflation rate was 4.36 percent during the corresponding week the previous year. The wholesale price index for all commodities rose 0.4 percent to 230 from 229 the week before. The index for this major group rose by 1.2 percent to 249.3 from 246.3 the previous week. The index for primary articles rose 1.2 percent to 249.3 from 246.3, while that for manufactured products rose 0.2 percent to 201.1 from 200.6 the previous week. The index for fuel, power, light and lubricants however remained unchanged at its previous week's level of 329.8. Inflation raced into double digits in June last year after the government raised state-set fuel prices. It peaked at 12.91 percent in early August, forcing the central bank to raise its main lending rate, the repo, to a seven-year high of 9 percent. But since mid-October, the central bank has cut the repo rate by 350 basis points as the global financial crisis and high borrowing costs took a toll on economic growth. The central bank reviews monetary policy on Jan. 27 and most analysts expect key rates to be kept unchanged, in order to fully assess the impact of the measures already taken.

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