India's wholesale prices fall 2.33 percent in March

NEW DELHI (Reuters) - India's wholesale prices declined at a faster-than-expected annual rate of 2.33 percent in March, their fifth straight fall, on the back of tumbling oil and manufacturing prices, government data showed on Wednesday.

The data compared with a 1.95 percent year-on-year fall forecast by economists in a Reuters poll and a provisional 2.06 percent decline in February.

The reading for January wholesale price inflation was revised to -0.95 percent from -0.39 percent earlier.

(Reporting by Rajesh Kumar Singh; Editing by Douglas Busvine)