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![[AP]](http://thebricspost.com/wp-content/uploads/2013/08/onion-300x169.jpg)
Onion prices have risen by a staggering 145 per cent [AP]
The wholesale-price index, a main gauge of inflation, rose 5.79 per cent exceeding June’s 4.86 per cent climb.
The report said food prices climbed 11.91 per cent last month from a year earlier.
India’s national currency, the rupee, has fallen around 12 per cent against the dollar since May.
Onion prices have risen a staggering 145 per cent, with pressure rising on the government to halt exports of the vegetable.
The Indian Finance Ministry unveiled a set of measures on Monday to check the widening current account deficit (CAD) and stem the rupee slide in a volatile foreign exchange market.
New measures include quasi-sovereign bonds by state-owned firms, relaxation in norms to enable banks garner deposits from non-resident Indians and an increase in import duties on non-essential goods like fridges and television sets.
The Indian government also hiked the customs duty on gold, platinum and silver to 10 per cent on Tuesday.
Source: Agencies
