Tag: Inflation

Significantly, any rise in fuel costs bumps-up prices of nearly all the essential items because of a second-round effect.

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.

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 […]

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.

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: 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: 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 […]