Today 01/12/2005, The aluminium prices have been increased by about Rs 6000 per tonne. Reason - to par with the global prices of aluminium. This will not affect the international buyer as he buys in US Dollar. But the effect is on the indian customer who has to shell out more because the USD is appreciating against the rupee. The prices of zinc, along with gold and silver have followed suit. The prices of metals and others are increasing not because of local cost influences but because of appreciating USD. Inflation is growing rapidly because of the increases. There is deafening silence among the authorities to control the depreciation of the rupee.
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