The wholesale price-based inflation eased marginally to 12.07 per cent in June as crude oil and food items witnessed some softening in prices.
The country's foreign exchange reserves swelled by USD 1.013 billion to touch a lifetime high of USD 610.012 billion in the week ended July 2.
As the Indian economy struggles to shed the impact of the second wave of Covid-19, the report suggested that maintaining a fast past of vaccination and plugging the lags in the healthcare infrastructure in the country would be the most sustainable stimulus for the durable recovery of the Indian economy.
The Left parties have called for a six-hour Odisha shutdown on July 15 in protest against the rising fuel prices and price rise of other essential commodities. The parties have blamed both the Union government and the state government for the unabated price rise of fuel and other commodities.
India's annual rate of inflation based on wholesale prices sequentially rose to 10.49 per cent in April from a rise of 7.39 per cent in March.
Bhubaneswar: Notwithstanding the cold December, markets in Odisha look very hot this year. Prices of almost all commodities in the State are pinching the pocket of the common man very hard across the State. But when it comes to burning holes in the pockets of consumers, Balasore, Bhubaneswar, Rourkela and Berhampur deserve special mention. Why […]
New Delhi: Wholesale prices in the country witnessed deflation of 3.21 per cent in May due to sharp decline in prices of fuel and power, even as food articles turned expensive. “The annual rate of inflation, based on monthly Wholesale Price Index (WPI), stood at (-) 3.21 per cent (provisional) for May 2020 as compared […]
Mumbai: Indian markets closed lower on Thursday along with major world indices over a sharp rise in coronavirus-related deaths in China. Increase in retail inflation and prices of LPG cylinder also dampened the investors’ mood further. China’s Hubei province, the epicentre of the coronavirus outbreak, reported 242 new deaths, double the previous day’s toll. The […]
New Delhi: Higher prices of food items along with those of primary articles accelerated India’s annual rate of inflation based on wholesale prices to 2.59 per cent in December from 0.58 per cent in November, official data showed on Tuesday. However, on a year-on-year (YoY) basis, the Wholesale Price Index (WPI) data furnished by the […]
New Delhi: Lower food prices eased India’s February 2019 retail inflation to 2.57 per cent, while a sharp decline in manufacturing output slowed industrial production in January to 1.7 per cent, official data showed on Tuesday. Lower food prices halved India’s retail inflation in February to 2.57 per cent, from 4.44 per cent during the […]
Mumbai: The Sensex gained close to 140 points after opening higher on Friday while the Nifty logged slight gains to trade above the 10,750 mark. Utilities, oil and gas and power stocks gained on the BSE while key sectors like finance and banking traded lower. The BSE Sensex opened at 35,985.68 from its previous close […]
New Delhi: Lower fuel and manufactured products prices eased India’s annual rate of inflation based on wholesale prices to 3.80 per cent in December 2018 from 4.64 per cent in November, official data showed here on Monday. As per the Wholesale Price Index (WPI) data furnished by the Ministry of Commerce and Industry, December’s inflation […]
Mumbai: Key inflationary trends, combined with the ongoing quarterly result season, are expected to determine the movement of equity indices next week. The sharp deceleration in the rate of India’s industrial output growth is also expected have an impact on investors’ sentiments. Additionally, global cues such as concerns over the rise in crude oil prices […]
Mumbai: Hopes of lower interest rates and more liquidity on the back of easing retail inflation and the Reserve Bank’s outreach efforts and foreign fund inflows aided the barometer S&P BSE Sensex to gain over 150 points while NSE Nifty50 ended the session just short of 10,800 points. On a sector specific basis, the rise […]
Mumbai: A recovery in the Indian rupee’s value along with broadly positive global cues and a slower rise in wholesale price inflation for August pushed the Indian equity indices higher on Friday. Consequently, the S&P BSE Sensex was up by 0.99 per cent and the NSE’s Nifty5O ended 1.28 per cent up from its previous […]
New Delhi: Wholesale price-indexed (WPI) inflation in India during March softened marginally at 2.47 per cent from 2.48 per cent in the previous month, official data showed here on Monday. According to the Commerce Ministry data, the WPI inflation in March 2017 was more than double at 5.11 per cent. “The annual rate of inflation, […]
New Delhi: A slight easing of food prices helped lower India’s retail inflation in January to 5.07 per cent even as factory production growth slowed somewhat in December to 7.1 per cent, according to official data on Monday. India Inc lauded the continuing high single-digit recovery in industry as well as the slight fall in […]
New Delhi: India’s annual rate of inflation based on wholesale prices stood at 3.93 per cent for the month of November, official data showed here on Thursday. According to data from the Ministry of Commerce and Industry, the wholesale price index (WPI), with the revised base year of 2011-12, stood at 3.93 per cent (provisional) […]
Mumbai: The Reserve Bank today kept interest rate unchanged as was widely expected in view of upward trend in inflation even as it cut the growth forecast to 6.7 per cent for the current fiscal. Consequently, the repo rate, at which it lends to banks, will stand at 6 per cent. The reverse repo, at […]
New Delhi: Finance Minister Arun Jaitley today said the government is finalising electoral bonds scheme, a move aimed at cleaning up political funding. “I have already announced this year and I am keen to implement it. It is in final stages. How do we legitimise political funding in India so that the underground funding itself […]
New Delhi: Defending the jump in India’s wholesale price-indexed (WPI) inflation in August to 3.24 per cent, nearly double that of July, Union Finance Minister Arun Jaitley on Thursday said it was well below the target of 4 per cent. “During monsoon, there is a spike in vegetable prices. It is usually the highest level […]
Mumbai: The Reserve Bank today slashed benchmark lending rate by 0.25 per cent to 6 per cent citing reduction in upside risk to inflation, a move that will lower EMIs for home, auto and personal loans. This is the first rate cut since October 2016 and the interest rate is now at 6-year low. In line […]
Mumbai: With latest macro-economic data showing inflation at a record low and fall in factory output, the Reserve Bank of India (RBI) is expected to reduce its repo, or short term lending rate, at its monetary policy review on Wednesday. At its second bi-monthly monetary policy review of the fiscal on June 7, the RBI […]
New Delhi: Indian policymakers would do well to target keeping annual retail inflation in the country in the range of 4-5 per cent without aiming to lower this rate significantly, according to an American expert. “India should target inflation at 4-5 per cent,” Kenneth Rogoff, Professor of Economics at Harvard University in the US told BTVi […]
Beijing: The average price of food in 50 Chinese cities continued to drop between March 21 and March 30, official data showed on Wednesday. The 10-day snapshot could reflect the trend in consumer price index (CPI), a main gauge of inflation, as food prices account for nearly one-third of the prices used in calculating the […]