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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 ...
Dalal Street closed higher after the Reserve Bank of India (RBI) raised benchmark repo rate by 50 basis points on Friday, along expected lines. The Sensex rose 1.8% and the Nifty 50 index jumped 1.64%.India’s central bank raised repo rate ...
The Reserve Bank of India raised the repo rate by 50 basis points (bps) to 5.9% in the recently concluded MPC meeting to tame inflation. The RBI’s monetary policy committee (MPC) expects uncertainty surrounding the course of geopolitical conditions to ...
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 ...
Inflation has been on the rise for the past few months and it is a contentious issue for all central bankers around the world. Markets have reacted sharply to the US central bank’s plans to increase interest rate aggressively in ...
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 ...
India’s inflation measured by Wholesale Price Index rose to 11.39% in August on a year-on-year basis, due to higher prices of manufactured goods, according to data released by the Ministry of Commerce and Industry. It stood at 11.16% in July ...
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 ...