point-to-point wholesale price index (WPI) was 6.58% a
WPI rose by 0.1% to 192.6 points due to costlier primary
articles, even as fuel and manufactured prices stood unchanged.
The index was 184.6 points in the year-ago period. The
impact of rise in prices of petroleum goods on inflation
will become visible in the coming weeks. The government
increased the prices of petrol and diesel with effect
from June 21.
index of mass consumption primary articles' group was
up 0.3% to 189.7 points due to costlier food articles
and the index was 190.7 points in the year-ago period.
articles' group index increased by 0.5% to 191 points
owing to higher prices for eggs (6%), vegetables (2%)
and fruits, mutton, bajra, arhar, barley and rice (1%
debt up 7.2 per cent at $120.9bn
New Delhi: The country's external debt has climbed
7.2 per cent to $120.9 billion at the end of December
2004, as against $112.8 billion at end-December 2003.
status report on the country's external debt released
on Friday said that long-term debt at the end of December
2004 stood at $114.03 billion or 94.3 per cent of the
long-term debt, multilateral and bilateral debt, representing
broadly the loans raised under the external assistance
programme, accounted for 41 per cent of the total external
debt at end-December 2004.
deposits and commercial borrowings together with export
credit contributed little more than one-half of total
report highlighted that external debt indicators continued
to improve over the years though the magnitude of debt
had increased. For instance, the external debt-to-GDP
ratio has gradually declined over the years to 17.8 per
cent in 2003-04 and debt service payments as a proportion
of gross current receipts (debt-service ratio) dropped
to 16.2 per cent in 2003-2004 and further to 6.1 per cent
during April-December 2004.
the ratios of short-term debt to total debt and short-term
debt to forex assets too have improved over the years.
The country's ability to service external debt has been
substantially enhanced, consequent to the improvement
in the ratios of total debt service payments and interest
payments to current receipts.
unchanged; bond prices fall
Mumbai: The rupee remained virtually unchanged
against the dollar on Thursday. The rupee opened higher
at 43.50 / 51 up from Wednesday's closing of 43.54 / 55.
Wednesday had seen an inflow of $337 million.
to some dollar selling and the rupee touched an intra-day
high of 43.48 / 50 but with inflows not being as per expectations,
the rupee fell to end at 43.55 / 56.
the forward premia market, the 12-month ended at 1.27
per cent (1.29 per cent) and the six-month closed at 1.44
per cent (1.42 per cent).
the bond market, prices opened 20-25 paise higher than
Wednesday's closing but fell on profit booking.