India’s consumer price index (CPI) – retail inflation may increase from the RBI’s tolerance limit of 6 per cent in November from 4.87 per cent in October, according to Barclays’ estimates. “We estimate that CPI inflation rose in November to 6.15 per cent year-on-year (YoY), a sharp reversal from the moderating trajectory over the past […]
In a significant market development, gold prices soared to a six-month high on Wednesday, propelled by a weakening US dollar and growing expectations of an impending reduction in the key policy rates by the US Federal Reserve. Spot gold saw a notable surge, trading at USD 2,041.55 per ounce, reflecting a 1.4 per cent increase […]
The Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, remaining the fastest-growing major economy. India’s GDP growth for the April-June quarter grew 7.8 per cent. Real GDP or GDP at Constant (2011-12) Prices in Q2 2023-24 is estimated to attain a level of Rs 41.74 lakh crore, […]
A decline in international crude oil prices will help control India’s inflationary pressures going forward, the country’s finance ministry said in a report on Tuesday. India’s retail inflation eased in October to a four-month low of 4.87 per cent, edging closer to the central bank’s target of 4 per cent. India’s crude oil basket has […]
Reserve Bank of India(RBI) has flagged the high growth in certain components of consumer credit and has advised banks and non-banking financial companies (NBFCs) to strengthen their internal surveillance mechanisms, address the build-up of risks and institute suitable safeguards. On a review, it has been decided to increase the risk weights with respect to consumer […]
Despite a decline in retail inflation to a four-month low of 4.87 per cent in October, India’s food inflation continues to exceed New Delhi’s “comfort” level, as indicated by a government official on Wednesday. The country’s retail inflation is approaching the central bank’s target of 4 per cent, a prerequisite for initiating rate reductions, the […]
Retail inflation in India continued to ease through October, supported by a relative decline in some of the sub-indexes. The October consumer price index (CPI) came at a four-month low of 4.87 per cent against 5.02 per cent the previous month, official data showed. The retail inflation in India though is in RBI’s 2-6 per […]
India’s retail inflation eased to 5.02 per cent from 6.83 per cent in September which is a three-month low banking on sliding vegetable prices but remained above 4 per cent, a target aimed by the Reserve Bank of India (RBI). It is likely that RBI would like to get comfortable with inflation before easing rates. […]
In the fiscal year 2023-24, as stated by RBI Governor Shaktikanta Das on Friday, both India’s exports and imports have contracted. The contraction in merchandise exports and imports persisted, albeit at a slower pace in July and August, following the Monetary Policy Committee meeting. In August, merchandise exports and non-oil non-gold imports saw a moderated […]
As expected, the monetary policy committee of the Reserve Bank of India (RBI) in its October review meeting decided to keep the policy repo rate unchanged at 6.5 per cent, maintaining status quo for the fourth straight occasion. The repo rate is the rate of interest at which the RBI lends to other banks. At […]
