NEW DELHI (Commodity Online) : India’s inflation rate fell marginally to minus 1.54 percent for the week ended July 18 compared with last week’s minus 1.17 percent.

The wholesale price index however was as high as 12.54 per cent in the corresponding week last year, according to Commerce Ministry.

Trading platform that even a 5 year old can trade. Join now

But a major decline was registered in mineral index, as prices fell by 16.8 per cent mainly due to softening iron ore prices by 24 per cent.

Analysts said the ease comes mainly on the back of decrease in prices of iron ore, lower aviation fuel and cement.

On Wednesday, the RBI in its first quarterly review of 2009 also kept unchanged the rates saying there was enough liquidity in the market.

Post your comment  (0)

Connect:

Post to Twitter

Post to Facebook