India’s WPI inflation eases to 4.73 pc
Feb 14, 2023, at 10:38 pm
New Delhi: The Wholesale Price Index (WPI)-based inflation eased to 4.73 percent in January on an annual basis, data shared by the Ministry of Commerce showed on Tuesday.
RBI hikes repo rate by 25 bps to 6.5 %, pegs FY24 inflation at 5.6%: Experts react
Feb 09, 2023, at 03:04 am
Mumbai/IBNS: The Reserve Bank of India on Wednesday hiked the repo rate by 25 basis points to 6.50 percent in line with the expectations of the experts. However, it didn’t indicate an end to tightening its stance contrary to the market expectations.
Bank of England raises interest rate by 50 bps to 4 pc; warns more hikes in the future
Feb 03, 2023, at 03:20 am
London: Bank of England raised interest rate by 50 basis points to 4 percent, the 10th increase since UK’s central bank started hiking in December 2021, bringing the key rate to its highest since 2008, Bloomberg reported.
Global economy likely to shrink but worst may be over: RBI Governor
Jan 28, 2023, at 07:49 am
New Delhi/IBNS: The global economy is likely to shrink significantly this year but the worst—both in terms of growth and inflation—appears to be over, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday, media reports said.
Wholesale inflation eases to 4.95 pct
Jan 16, 2023, at 08:42 pm
New Delhi: The wholesale price-based inflation moved down by 4.95 percent in the month of December, as per official data released by the government on Monday.
Sharp, long-lasting slowdown to hit developing countries hard: World Bank
Jan 11, 2023, at 03:11 pm
Washington: Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report.
India's wholesale inflation drops to 5.85% in November
Dec 14, 2022, at 08:00 pm
New Delhi/UNI: India's wholesale inflation eased further to 5.85% in Nov 2022 as against 8.39% recorded in the previous month, according to official data released on Wednesday.
India's retail inflation eases to 11-month low of 5.88 percent in November
Dec 13, 2022, at 12:07 am
New Delhi: India's retail inflation, which is measured by the Consumer Price Index (CPI), eased to touch 11-month low figure of 5.88 per cent in November, data released by the government on Monday revealed.
RBI raises repo rate by 35 bps, lowers GDP growth forecast to 6.8%
Dec 07, 2022, at 07:08 pm
Mumbai/UNI: The Reserve Bank of India (RBI) on Wednesday raised policy repo rate by 35 basis points (bps) to contain inflation which has been above its tolerance level.
Former RBI Gov Raghuram Rajan says central bankers should gear up for low inflation: Report
Dec 03, 2022, at 06:21 am
Former Reserve Bank governor Raghuram Rajan Friday warned that the global economy could go back to a low inflation regime and central bankers implementing restrictive monetary policies should keep that in mind, according to a Bloomberg report.
India's forex reserves register biggest weekly high in over a year, shows RBI data
Nov 19, 2022, at 06:59 pm
Mumbai: India's foreign exchange reserves shot up to the highest level during the week ended November 11 in the biggest weekly jump recorded in over a year.
'RBI committed to bringing inflation down to 4 pc': Shaktikanta Das
Nov 13, 2022, at 07:33 pm
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das Saturday said there is no need to increase the inflation target from 2 to 3 percent even as the Central bank has failed to keep it below the 6 percent upper tolerance level for nine consecutive months, according to media reports.
CEA supports gradual short-term fall in rupee
Nov 08, 2022, at 07:21 pm
Mumbai/IBNS: Chief Economic Adviser (CEA) to India V. Anantha Nageswaran said the central bank should allow the rupee to fall gradually and use its foreign exchange reserves judiciously.
Central banks across the world have a tough role ahead: Deepak Parekh
Nov 05, 2022, at 01:48 am
Kolkata/IBNS: Global growth which was 6.1 percent last year is estimated to fall by half to 3.2 percent in 2022, said HDFC Chairman Deepak Parekh.
Amid 40-yr-high inflation, UK's new PM Rishi Sunak vows to confront 'profound economic crisis'
Oct 26, 2022, at 04:47 am
Rishi Sunak, the former chancellor of the UK's treasury has become the country's Prime Minister after Liz Truss quit the role in just 45 days as 40-year-high inflation gripped the nation, dealing a blow to the households that have been already cutting down daily expenses, and now several even plan to stay away from Christmas shopping.
Oct 14, 2022, at 09:00 pm
New Delhi: The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 10.7% (Provisional) for the month of September, 2022 (over September, 2021) against 12.41% recorded in August 2022, as per data released by the Ministry of External Affairs on Friday.
Yen plunges to lowest mark against dollar in over 2 decades
Oct 14, 2022, at 06:02 am
Japanese currency yen Thursday nosedived to the lowest level against the US dollar since 1990 after America's central bank, Federal Reserve, indicated aggressive measures to tighten its noose on inflationary pressures, said media reports.
Oct 13, 2022, at 03:45 am
Mumbai: RBI's measure to tighten interest rates with a hike in repo rate by 190 basis points in five consecutive months has failed to keep inflation under control as India's retail inflation accelerated to 7.41 percent in September, the fastest pace in five months, data released by the National Statistical Office (NSO) showed on Wednesday.
India's retail inflation jumps up to touch 7.41 percent in September, highest since April
Oct 12, 2022, at 11:29 pm
New Delhi: India's retail inflation touched 7.41 percent in September, as per government data released on Wednesday.
US markets sink on unexpectedly high inflation
Sep 15, 2022, at 11:52 am
Washington/UNI: Inflation in the United States remained unexpectedly high in August, hitting Wall Street like never before in more than two years.
India's wholesale price index eases to 12.41 pc in August
Sep 14, 2022, at 10:43 pm
New Delhi: India's wholesale price index (WPI)-based inflation eased further to 12.41 per cent in August 2022 from 13.93 per cent in July, as per data released by the Commerce & Industry Ministry on Wednesday.
India's retail inflation spikes to touch 7 percent
Sep 13, 2022, at 12:01 am
New Delhi: India's retail inflation spiked to touch 7 percent once again in August, as per data released by the Indian government on Monday.
Inflation is likely to follow downward trajectory in India: Shaktikanta Das
Sep 03, 2022, at 06:32 am
Inflation is likely to go down in the coming months and the impact of high inflation is already past its peak, Reserve Bank of India Governor Shaktikanta Das said Friday.
India's wholesale inflation eases to 13.93% in July
Aug 16, 2022, at 07:34 pm
New Delhi/UNI: India's wholesale price index (WPI)-based inflation eased to 13.93 percent in July this year from 15.18 percent in the previous month, data from the Commerce Ministry showed on Tuesday.
Rupee holding up well compared to advanced, EME peers: RBI Guv
Jul 22, 2022, at 08:59 pm
Mumbai: Amid consistent depreciation of the rupee against the US dollar, Reserve Bank of India (RBI) Governor Shaktikanta Das Friday said that the Indian rupee has been holding up well compared to both advanced and EME (emerging market economies) peers.
June retail inflation at 7 pc continues to be above RBI target for 6 months
Jul 14, 2022, at 05:20 am
New Delhi: India's June retail inflation dipped marginally to 7.01 percent in June to 7.04 percent in May, according to government data released on Tuesday, breaching Reserve Bank of India (RBI) target of 2 to 6 percent for six consecutive months.
Eurozone inflation surges to a record 8.6 pc in June
Jul 02, 2022, at 05:26 pm
Inflation surged to a record 8.6 percent in June in 19 countries that use the euro currency.
Timely govt interventions led to decline in edible oil prices, more price cuts likely: Centre
Jun 23, 2022, at 04:22 pm
New Delhi: The Indian consumers can expect to pay less for their edible oils as the wholesale prices and retail prices of vanaspati, soybean oil, sunflower oil and RBD palm olein have decreased over the week following government's intervention, the Ministry of Consumer Affairs, Food & Public Distribution said Wednesday.
India at low risk of stagflation owing to prudent policies: Finance Ministry
Jun 21, 2022, at 03:41 am
Delhi: India has to deal with multiple near-term challenges like managing its fiscal deficit, sustaining economic growth, reining in inflation and containing the current account deficit, and at the same time ensuring a fair value of its currency, the finance ministry said in its monthly economic report on Monday.
Financial markets slide amid fears of global recession
Jun 19, 2022, at 08:09 am
Stock market indexes across the world have gone through massive ups and downs since Russia declared war on Ukraine. But Friday, the stocks across the world suffered the biggest fall as the investors feared tighter monetary policy by the inflation-fighting central banks across the world could impair economic growth.