Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68018b30aaedb-trace').style.display = (document.getElementById('cakeErr68018b30aaedb-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68018b30aaedb-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68018b30aaedb-code').style.display = (document.getElementById('cakeErr68018b30aaedb-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68018b30aaedb-context').style.display = (document.getElementById('cakeErr68018b30aaedb-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68018b30aaedb-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
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&lt;div align=&quot;justify&quot;&gt;
India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.&lt;br /&gt;
&lt;br /&gt;
Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.&lt;br /&gt;
&lt;br /&gt;
Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&amp;rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.&lt;br /&gt;
&lt;br /&gt;
Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.&lt;br /&gt;
&lt;br /&gt;
At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.&lt;br /&gt;
&lt;br /&gt;
The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.&lt;br /&gt;
&lt;br /&gt;
RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.&lt;br /&gt;
&lt;br /&gt;
Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&amp;rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.&lt;br /&gt;
&lt;br /&gt;
Food articles have a weight of 14.34% in the wholesale price index, India&amp;rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.&lt;br /&gt;
&lt;br /&gt;
Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.&lt;br /&gt;
&lt;br /&gt;
The finance ministry&amp;rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.&lt;br /&gt;
&lt;br /&gt;
The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.&lt;br /&gt;
&lt;br /&gt;
Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. &lt;br /&gt;
&lt;/div&gt;&#039;,
		&#039;credit_writer&#039; =&gt; &#039;Live Mint, 6 January, 2011, http://www.livemint.com/2011/01/06111331/Food-inflation-accelerates-to.html&#039;,
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India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.

Unseasonal...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;br /&gt;&lt;div align=&quot;justify&quot;&gt;India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.&lt;br /&gt;&lt;br /&gt;Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.&lt;br /&gt;&lt;br /&gt;Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&amp;rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.&lt;br /&gt;&lt;br /&gt;Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.&lt;br /&gt;&lt;br /&gt;At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.&lt;br /&gt;&lt;br /&gt;The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.&lt;br /&gt;&lt;br /&gt;RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.&lt;br /&gt;&lt;br /&gt;Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&amp;rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.&lt;br /&gt;&lt;br /&gt;Food articles have a weight of 14.34% in the wholesale price index, India&amp;rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.&lt;br /&gt;&lt;br /&gt;Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.&lt;br /&gt;&lt;br /&gt;The finance ministry&amp;rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.&lt;br /&gt;&lt;br /&gt;The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.&lt;br /&gt;&lt;br /&gt;Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. &lt;br /&gt;&lt;/div&gt;&#039;,
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India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.&lt;br /&gt;
&lt;br /&gt;
Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.&lt;br /&gt;
&lt;br /&gt;
Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&amp;rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.&lt;br /&gt;
&lt;br /&gt;
Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.&lt;br /&gt;
&lt;br /&gt;
At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.&lt;br /&gt;
&lt;br /&gt;
The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.&lt;br /&gt;
&lt;br /&gt;
RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.&lt;br /&gt;
&lt;br /&gt;
Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&amp;rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.&lt;br /&gt;
&lt;br /&gt;
Food articles have a weight of 14.34% in the wholesale price index, India&amp;rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.&lt;br /&gt;
&lt;br /&gt;
Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.&lt;br /&gt;
&lt;br /&gt;
The finance ministry&amp;rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.&lt;br /&gt;
&lt;br /&gt;
The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.&lt;br /&gt;
&lt;br /&gt;
Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. &lt;br /&gt;
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India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.

Unseasonal...&#039;
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Cake\View\View::renderLayout() - CORE/src/View/View.php, line 927
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Cake\Controller\Controller::render() - CORE/src/Controller/Controller.php, line 791
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 126
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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India&rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.

Unseasonal..."/>
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            <h1 class="news_headlines" style="font-style:normal">
                <strong>Food inflation accelerates to year-high</strong></h1>
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                <br /><div align="justify">India&rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.<br /><br />Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.<br /><br />Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.<br /><br />&ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.<br /><br />Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.<br /><br />At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.<br /><br />The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.<br /><br />RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.<br /><br />Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.<br /><br />Food articles have a weight of 14.34% in the wholesale price index, India&rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.<br /><br />Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.<br /><br />The finance ministry&rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.<br /><br />The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.<br /><br />Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. <br /></div>               </font>
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&lt;div align=&quot;justify&quot;&gt;
India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.&lt;br /&gt;
&lt;br /&gt;
Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.&lt;br /&gt;
&lt;br /&gt;
Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&amp;rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.&lt;br /&gt;
&lt;br /&gt;
Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.&lt;br /&gt;
&lt;br /&gt;
At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.&lt;br /&gt;
&lt;br /&gt;
The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.&lt;br /&gt;
&lt;br /&gt;
RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.&lt;br /&gt;
&lt;br /&gt;
Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&amp;rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.&lt;br /&gt;
&lt;br /&gt;
Food articles have a weight of 14.34% in the wholesale price index, India&amp;rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.&lt;br /&gt;
&lt;br /&gt;
Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.&lt;br /&gt;
&lt;br /&gt;
The finance ministry&amp;rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.&lt;br /&gt;
&lt;br /&gt;
The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.&lt;br /&gt;
&lt;br /&gt;
Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. &lt;br /&gt;
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		&#039;credit_writer&#039; =&gt; &#039;Live Mint, 6 January, 2011, http://www.livemint.com/2011/01/06111331/Food-inflation-accelerates-to.html&#039;,
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India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.

Unseasonal...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;br /&gt;&lt;div align=&quot;justify&quot;&gt;India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.&lt;br /&gt;&lt;br /&gt;Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.&lt;br /&gt;&lt;br /&gt;Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&amp;rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.&lt;br /&gt;&lt;br /&gt;Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.&lt;br /&gt;&lt;br /&gt;At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.&lt;br /&gt;&lt;br /&gt;The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.&lt;br /&gt;&lt;br /&gt;RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.&lt;br /&gt;&lt;br /&gt;Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&amp;rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.&lt;br /&gt;&lt;br /&gt;Food articles have a weight of 14.34% in the wholesale price index, India&amp;rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.&lt;br /&gt;&lt;br /&gt;Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.&lt;br /&gt;&lt;br /&gt;The finance ministry&amp;rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.&lt;br /&gt;&lt;br /&gt;The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.&lt;br /&gt;&lt;br /&gt;Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. &lt;br /&gt;&lt;/div&gt;&#039;,
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India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.&lt;br /&gt;
&lt;br /&gt;
Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.&lt;br /&gt;
&lt;br /&gt;
Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&amp;rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.&lt;br /&gt;
&lt;br /&gt;
Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.&lt;br /&gt;
&lt;br /&gt;
At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.&lt;br /&gt;
&lt;br /&gt;
The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.&lt;br /&gt;
&lt;br /&gt;
RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.&lt;br /&gt;
&lt;br /&gt;
Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&amp;rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.&lt;br /&gt;
&lt;br /&gt;
Food articles have a weight of 14.34% in the wholesale price index, India&amp;rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.&lt;br /&gt;
&lt;br /&gt;
Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.&lt;br /&gt;
&lt;br /&gt;
The finance ministry&amp;rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.&lt;br /&gt;
&lt;br /&gt;
The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.&lt;br /&gt;
&lt;br /&gt;
Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. &lt;br /&gt;
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	&#039;credit_writer&#039; =&gt; &#039;Live Mint, 6 January, 2011, http://www.livemint.com/2011/01/06111331/Food-inflation-accelerates-to.html&#039;,
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India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.

Unseasonal...&#039;
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                <strong>Food inflation accelerates to year-high</strong></h1>
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                <br /><div align="justify">India&rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.<br /><br />Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.<br /><br />Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.<br /><br />&ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.<br /><br />Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.<br /><br />At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.<br /><br />The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.<br /><br />RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.<br /><br />Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.<br /><br />Food articles have a weight of 14.34% in the wholesale price index, India&rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.<br /><br />Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.<br /><br />The finance ministry&rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.<br /><br />The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.<br /><br />Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. <br /></div>               </font>
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&lt;div align=&quot;justify&quot;&gt;
India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.&lt;br /&gt;
&lt;br /&gt;
Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.&lt;br /&gt;
&lt;br /&gt;
Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&amp;rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.&lt;br /&gt;
&lt;br /&gt;
Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.&lt;br /&gt;
&lt;br /&gt;
At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.&lt;br /&gt;
&lt;br /&gt;
The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.&lt;br /&gt;
&lt;br /&gt;
RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.&lt;br /&gt;
&lt;br /&gt;
Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&amp;rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.&lt;br /&gt;
&lt;br /&gt;
Food articles have a weight of 14.34% in the wholesale price index, India&amp;rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.&lt;br /&gt;
&lt;br /&gt;
Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.&lt;br /&gt;
&lt;br /&gt;
The finance ministry&amp;rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.&lt;br /&gt;
&lt;br /&gt;
The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.&lt;br /&gt;
&lt;br /&gt;
Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. &lt;br /&gt;
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Unseasonal...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;br /&gt;&lt;div align=&quot;justify&quot;&gt;India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.&lt;br /&gt;&lt;br /&gt;Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.&lt;br /&gt;&lt;br /&gt;Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&amp;rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.&lt;br /&gt;&lt;br /&gt;Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.&lt;br /&gt;&lt;br /&gt;At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.&lt;br /&gt;&lt;br /&gt;The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.&lt;br /&gt;&lt;br /&gt;RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.&lt;br /&gt;&lt;br /&gt;Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&amp;rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.&lt;br /&gt;&lt;br /&gt;Food articles have a weight of 14.34% in the wholesale price index, India&amp;rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.&lt;br /&gt;&lt;br /&gt;Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.&lt;br /&gt;&lt;br /&gt;The finance ministry&amp;rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.&lt;br /&gt;&lt;br /&gt;The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.&lt;br /&gt;&lt;br /&gt;Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. &lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;div align=&quot;justify&quot;&gt;
India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.&lt;br /&gt;
&lt;br /&gt;
Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.&lt;br /&gt;
&lt;br /&gt;
Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&amp;rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.&lt;br /&gt;
&lt;br /&gt;
Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.&lt;br /&gt;
&lt;br /&gt;
At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.&lt;br /&gt;
&lt;br /&gt;
The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.&lt;br /&gt;
&lt;br /&gt;
RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.&lt;br /&gt;
&lt;br /&gt;
Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&amp;rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.&lt;br /&gt;
&lt;br /&gt;
Food articles have a weight of 14.34% in the wholesale price index, India&amp;rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.&lt;br /&gt;
&lt;br /&gt;
Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.&lt;br /&gt;
&lt;br /&gt;
The finance ministry&amp;rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.&lt;br /&gt;
&lt;br /&gt;
The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.&lt;br /&gt;
&lt;br /&gt;
Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. &lt;br /&gt;
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India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.

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$disp = &#039;&lt;br /&gt;&lt;div align=&quot;justify&quot;&gt;India&amp;rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.&lt;br /&gt;&lt;br /&gt;Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.&lt;br /&gt;&lt;br /&gt;Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&amp;rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.&lt;br /&gt;&lt;br /&gt;Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.&lt;br /&gt;&lt;br /&gt;At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.&lt;br /&gt;&lt;br /&gt;The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.&lt;br /&gt;&lt;br /&gt;RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.&lt;br /&gt;&lt;br /&gt;Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&amp;rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.&lt;br /&gt;&lt;br /&gt;Food articles have a weight of 14.34% in the wholesale price index, India&amp;rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.&lt;br /&gt;&lt;br /&gt;Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.&lt;br /&gt;&lt;br /&gt;The finance ministry&amp;rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.&lt;br /&gt;&lt;br /&gt;The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.&lt;br /&gt;&lt;br /&gt;Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. &lt;br /&gt;&lt;/div&gt;&#039;
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                <strong>Food inflation accelerates to year-high</strong></h1>
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                <br /><div align="justify">India&rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.<br /><br />Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.<br /><br />Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.<br /><br />&ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.<br /><br />Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.<br /><br />At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.<br /><br />The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.<br /><br />RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.<br /><br />Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.<br /><br />Food articles have a weight of 14.34% in the wholesale price index, India&rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.<br /><br />Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.<br /><br />The finance ministry&rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.<br /><br />The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.<br /><br />Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. <br /></div>               </font>
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India&rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.<br />
<br />
Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.<br />
<br />
Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.<br />
<br />
&ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.<br />
<br />
Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.<br />
<br />
At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.<br />
<br />
The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.<br />
<br />
RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.<br />
<br />
Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.<br />
<br />
Food articles have a weight of 14.34% in the wholesale price index, India&rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.<br />
<br />
Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.<br />
<br />
The finance ministry&rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.<br />
<br />
The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.<br />
<br />
Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. <br />
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India&rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.

Unseasonal...',
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India&rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.<br />
<br />
Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.<br />
<br />
Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.<br />
<br />
&ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.<br />
<br />
Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.<br />
<br />
At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.<br />
<br />
The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.<br />
<br />
RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.<br />
<br />
Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.<br />
<br />
Food articles have a weight of 14.34% in the wholesale price index, India&rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.<br />
<br />
Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.<br />
<br />
The finance ministry&rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.<br />
<br />
The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.<br />
<br />
Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. <br />
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India&rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.

Unseasonal...'
$disp = '<br /><div align="justify">India&rsquo;s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy.<br /><br />Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term.<br /><br />Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week.<br /><br />&ldquo;This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,&rdquo; said Hitendra Dave, head of global markets, HSBC India, Mumbai.<br /><br />Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review.<br /><br />At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%.<br /><br />The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said.<br /><br />RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday.<br /><br />Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister&rsquo;s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky.<br /><br />Food articles have a weight of 14.34% in the wholesale price index, India&rsquo;s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January.<br /><br />Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%.<br /><br />The finance ministry&rsquo;s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises.<br /><br />The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation.<br /><br />Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices. <br /></div>'
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Food inflation accelerates to year-high

India’s food inflation accelerated for the fifth straight week to the highest in more than a year, reinforcing fears it will spill over to broader prices and pile pressure on the Reserve Bank of India (RBI) to tighten monetary policy. Unseasonal rains have pushed up prices of vegetables such as onions and tomatoes in recent weeks, and the authorities are bracing to live with elevated price levels in the near term. Onion prices increased increased by over 23% over the week. The food price index rose 18.32% in the year to 25 December and the fuel price index climbed 11.63%. This compared with 14.44% and 11.63% respectively in the previous week. “This number reinforces the base case scenario of a 50 basis point rate hike in January. One has to be prepared now for a much larger frontloaded rate hike series than what one was expecting say a month ago and therefore the entire swap curve should shift upwards,” said Hitendra Dave, head of global markets, HSBC India, Mumbai. Indian swap rates and bond yields rose after the larger-than-expected rise, cementing expectations for further rate hikes by the central bank in the upcoming 25 January policy review. At 11:45 am, the most-traded 8.08% 2022 bond yield was up 1 basis point at 8.13%. The 5-year swap rate rose 5 basis points to 7.80% while the 1-year swap rate was up 4 basis points at 7.06%, dealer said. RBI, which had raised interest rates six times in 2010, is expected to increase rates by at least 25 basis points on 25 January when it reviews policy, a Reuters poll showed on Wednesday. Analysts forecast rates to rise by 75 basis points in 2011. C. Rangarajan, chairman of the prime minister’s economic advisory council, said on Wednesday more action on interest rates may be needed from the central bank if inflation remains sticky. Food articles have a weight of 14.34% in the wholesale price index, India’s most widely watched gauge of inflation, and the spurt in vegetable prices is expected to show up in the headline number when December data is released on 14 January. Headline inflation had eased to a 12-month-low of 7.48% in November after hitting 8.58% in October. The RBI has said it would revise at the 25 January policy its end-March target of 5.5%. The finance ministry’s chief economic adviser, Kaushik Basu, has said monetary and fiscal policy measures may not be adequate to tackle sector specific price rises and the country would have to live with such price rises. The government will not increase diesel prices for now, the oil minister Murli Deora signalled on Wednesday, as the government walks a tightrope between reducing the burden of subsidies and tackling public anger over inflation. Last week, India deferred a ministerial panel meeting to discuss a possible increase in diesel and cooking gas prices.