Pakistan's economic outlook uncertain amid political instability: ADB report
Islamabad: The Asian Development Bank (ADB) on Thursday said that Pakistan's economic outlook is uncertain, with significant downside risks due to current political instability, media reported.
India's March retail inflation drops to 4.85%, lowest in 10 months
New Delhi: India's primary retail inflation rate dropped to its lowest point in ten months at 4.85 percent in March, according to data released by the Ministry of Statistics and Programme Implementation on Friday.
Global food prices grow first time in 7 months
Global food prices experienced a surge in March, marking the first increase since July, driven mainly by the rise in cooking oil prices, even as the costs of grains continued to decrease, stated the UN's Food and Agricultural Organization on Friday.
US witnesses moderate increase in Feb inflation
Washington: The United States witnessed a moderate increase in prices, while the expenses for services excluding housing slowed notably, indicating the possibility of a Federal Reserve interest rate cut in June.
Persistently high food prices hindering drop in inflation to 4%: RBI Bulletin
New Delhi: Food price pressures are hindering a more rapid decline in retail inflation towards the Reserve Bank's target of 4 percent, according to an article in the central bank's March Bulletin.
RBI Bulletin says India's H1FY24 growth momentum to persist in H2
Mumbai: The Reserve Bank of India's (RBI) monthly bulletin indicates that the growth momentum of the Indian economy observed in the first half of the current financial year is expected to continue into the second half.
Wholesale inflation of India eases to 0.27 pc in January
India's wholesale price index (WPI) based inflation eased to 0.27% in January 2024 from 0.73% in the previous month, as per data released by the Ministry of Commerce and Industry showed on Wednesday.
Market experts divided on RBI's choice to maintain key policy rate
New Delhi: As widely anticipated by financial markets and policy observers, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) opted to maintain the policy repo rate at its current level of 6.50 percent during its meeting on Thursday.
India's wholesale inflation rises to 0.73% in December 2023: Govt data
New Delhi/UNI: India's wholesale price index (WPI) based inflation increased to 0.73% in December 2023 from 0.26% in the previous month, data released by the Ministry of Commerce and Industry showed on Monday.
India retail inflation touches four-month-high of 5.69 percent
India's retail inflation touched a four-month-high of 5.69 percent in December, official data released on Friday showed.
RBI's MPC Committee airs concern about trends in food inflation
Mumbai: All the six members of Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) expressed concern over food inflation, and two external members cautioned against the elevated real interest rates as headline inflation nears its 4 percent target, media reports said, citing the minutes of the meeting.
India’s inflation expected to ease to 4.6% in the first three qtrs of next fiscal: RBI Bulletin
Mumbai: India’s inflation is anticipated to ease to 4.6% during the first three quarters of the fiscal year 2024-25 (FY25), according to the Reserve Bank of India's December 2023 bulletin released on Wednesday.
US November wholesale inflation remains steady, indicating gradual decrease in prices
Washington: The November wholesale inflation in the United States remained steady, indicating a gradual easing of price increases in the economic pipeline, AP reported.
India's retail inflation spikes to 5.55 pc in November: Govt data
Driven primarily by food prices, India's consumer price index (CPI)-based inflation inched up to 5.55% in November 2023 from 4.87% in the previous month.
RBI MPC keeps repo rate unchanged, raises FY24 growth forecast to 7%; Industry reacts
Mumbai: The Reserve Bank of India's Monetary Policy Committee (RBI MPC) kept the repo rate unchanged at 6.5 percent for the fifth time in a row on Friday, thus maintaining the status quo.