Y-o-Y basis, CPI-based inflation for agricultural and rural labourers grew to 8.8 per cent and 8.75 per cent respectively in June 2008 from 7.8 per cent and 7.5 per cent a year ago.
Money supply (M3) increased by 20.5 per cent y-o-y on July 4, 2008, lower than 21.8 per cent a year ago.
CPI-based inflations for industrial workers and urban non-manual employees stood at 7.8 per cent and 6.8 per cent respectively in May 2008 as compared to 6.6 per cent and 6.8 per cent a year ago.
The price of the Indian basket of crude oil increased from $99.4 per barrel in March 2008 to $141.5 on July 3, 2008 before declining to $121.9 on July 25, 2008.
Up to July 4, 2008, non-food credit of SCBs rose by 25.9 per cent (Rs 4,85,709 crore) y-o-y, higher than 24.6 per cent (Rs 3,69,109 crore) a year ago.
Yields in the government securities market hardened substantially.
International:
Exports increased by 21.7 per cent in US dollar terms during the first two months of the current financial year, as compared to 24.2 per cent in the corresponding period of the previous year.
Imports rose by 31.8 per cent as compared to 37.9 per cent in the corresponding period of the previous year.
POL imports increased by 48.6 per cent on account of the surge in crude oil prices as compared to 25.7 per cent in the corresponding period of the previous year. As a result, the merchandise trade deficit widened to $20.7 billion during April-May 2008.
During the current financial year up to July 25, 2008, the rupee depreciated by 5.4 per cent against the dollar, by 5 per cent against the euro, by 5.2 per cent against the pound sterling and by 1.3 per cent against the Japanese yen.
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