Will the FPO fund infusion solve Vodafone Idea’s problems?
Will a capital infusion of Rs 45,000 crore be enough for Vodafone Idea? Will the capital investment plan help in the turnaround of the company? Should existing and new investors invest in FPO? Watch this video to know-
New Delhi: The wholesale price-based inflation rose for the second consecutive month in February to 4.17%, as food, fuel and power prices spiked.
The WPI inflation was 2.03% in January and 2.26% in February last year. After witnessing months of softening of prices, the food articles in February saw 1.36% inflation. In January it was (-) 2.80%.
In vegetables, the rate of price rise was (-) 2.90% in February, against (-) 20.82% in January. Inflation in pulses was 10.25% in February, while in fruits it was 9.48%, and in fuel and power basket it was 0.58%.
The RBI in its monetary policy last month kept interest rates unchanged for the fourth consecutive meeting and said that the near-term inflation outlook has turned favourable.
Retail inflation, based on the consumer price index, was at 5.03% in February, data released last week showed.