Drug Safety Settlement

A Ranbaxy office building is pictured in the northern Indian city of Mohali May 14, 2013. Indian generic drugmaker Ranbaxy Laboratories Ltd pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the U.S. Department of Justice. The settlement is its largest-ever with a generic drugmaker over drug safety, according to the U.S. government. It includes $150 million in payments for a criminal fine and forfeiture and $350 million in payments for civil claims. REUTERS/Ajay Verma (INDIA - Tags: HEALTH BUSINESS)

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Weekly food inflation at 10.63 pct y/y

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A vendor arranges watermelons for sale along the side of a road in Kolkata August 4, 2011. REUTERS/Rupak De Chowdhuri/Files

A vendor arranges watermelons for sale along the side of a road in Kolkata August 4, 2011.

Credit: Reuters/Rupak De Chowdhuri/Files

NEW DELHI | Thu Nov 17, 2011 11:42am IST

NEW DELHI (Reuters) - India's food price index rose 10.63 percent and the fuel price index climbed 15.49 percent in the year to Nov. 5, government data on Thursday showed.

In the previous week, annual food and fuel inflation stood at 11.81 percent and 14.50 percent, respectively.

The primary articles price index was up 10.39 percent, compared with an annual rise of 11.43 percent a week earlier.

The Reserve Bank of India (RBI) raised interest rates last month for the 13th and possibly final time in a tightening cycle that began 18 months ago, on expectations that persistently high inflation will finally begin to ease starting in December.

(Reporting by Abhijit Neogy; editing by Malini Menon)
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