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Market Opening - An Overview Crude oil prices recently touched $95 per barrel and higher crude oil prices is expected to push India’s wholesale inflation to rise to 3% in the third quarter of the current fiscal and to 3.7% ...
The Reserve Bank of India’s Monetary Policy Committee (MPC) met on 3rd, 5th and 6th April 2023 and assessed the macroeconomic situation and its outlook. Following are the key highlights of the monetary policy meeting. • The Monetary Policy Committee ...
Data released by India’s government agencies showed inflation being at elevated levels due to rising food inflation and unfavourable base.India’s benchmark inflation rate, measured by the Consumer Price Index (CPI) rose to a seven-month high of 6.01 per cent on ...
In recent times, stock markets have plunged due to inflation concerns and fears over an aggressive rate hike by the US central bank. This will force other central banks in the world to follow suit. This pain is going to ...
A few economic data were released recently that showed the rate at which India’s economy rebounded slowed down, while retail inflation increased weighing on the country’s growth. Both manufacturing and services sectors were affected by rising input costs.Even data released ...
Inflation based on Consumer Price Index (CPI) cooled down to 5.3% in August, from 5.59% in July as food prices fell, according to data released by the government’s statistics agency. The retail inflation has remained within the central bank’s target ...
Retail inflation measured by Consumer Price Index declined to 5.59% in July as food prices fell, according to data shown by National Statistics Office. The CPI was 6.26% in Jun 2021 and 6.73% in July 2020.The food inflation fell substantially ...
Indian central bank concluded its three-day monetary policy committee meeting on August 6 and unanimously decided to keep the policy repo rate unchanged at 4%. On a 5to 1 majority, RBI also decided to continue its accommodative stance to support ...