Tag: Inflation

Inflation rate, results, rupee to dictate equity's trend

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 […]

  • Friday, 09 July 2021
RBI's outreach effort, lower inflation pushes up Sensex

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 […]

  • Friday, 09 July 2021
Rupee recovery, lower inflation push key equity indices higher

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 […]

  • Thursday, 08 July 2021
Odisha Bandh On July 15: Left Parties To Protest Rise In Fuel Prices And Other Essential Commodities

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.

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  • Thursday, 08 July 2021
India's wholesale inflation in March stood at 2.47%

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, […]

  • Wednesday, 07 July 2021
Inflation eases slightly to 5.07% in January

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 […]

  • Wednesday, 07 July 2021
WPI inflation hits 8-month high of 3.93% in November

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) […]

  • Tuesday, 06 July 2021
RBI maintains status quo; cuts growth forecast to 6.7% in FY18

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 […]

  • Tuesday, 06 July 2021
Arun Jaitley
Jump in inflation in August modest, well below target: Jaitley

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 […]

  • Tuesday, 06 July 2021
RBI expected to cut key interest rate on Wednesday

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 […]

  • Monday, 05 July 2021
India should target inflation rate of 4-5%: US expert

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 […]

  • Monday, 05 July 2021
china food prices
China's food prices drop, inflation to be low

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 […]

  • Monday, 05 July 2021
Govt finalising electoral bonds scheme: FM

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 […]

  • Tuesday, 29 June 2021
The Reserve Bank of India logo is pictured outside its head office in Mumbai
RBI cuts key rate by 0.25%; to lower home, auto EMIs

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 […]

  • Monday, 28 June 2021
food inflation
Retail inflation slips to new low of 4.38 pc in November

Cheaper food items helped retail inflation drop to a fresh low of 4.38 per cent in November -- the fifth consecutive month of decline -- a development that can strengthen the case for interest rate cut by the RBI

  • Sunday, 27 June 2021