Cooling Inflation Aiding RBI To Prioritise Growth-centric Approach
Inflation has reported a broad-based decline over the past few months, falling from above the tolerance band in October 2024 to levels well below the apex bank’s target
Economy
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India’s Wholesale Inflation Remains Positive In March 2024, Driven By Food & Energy Prices
- by BW Retail World Bureau
- April 16, 2024
Wholesale inflation in India, based on the Wholesale Price Index, remained in positive territory for the fifth month after remaining in the negative zone for seven months until October. The annual rate of inflation based on all India Wholesale Price Index (WPI) numbers is 0.53 per cent (Provisional) for March 2024 (over March 2023), showed […]
Feature
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Retail
Inflation Within Target, But Above Ideal: Experts See Further Downward Trend In FY25
- by BW Retail World Bureau
- March 13, 2024
Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month. It was at a four-month high of 5.69 per cent in December. The retail inflation in India, though within RBI’s 2-6 per cent comfort level, is above the ideal 4 per cent scenario. The latest […]
Consumer
Economy
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RBI Projects 7% GDP Growth For India In FY24-25
- by BW Retail World Bureau
- February 8, 2024
The Reserve Bank of India (RBI), while maintaining the status quo in the repo rate, pegged India’s GDP growth for the next financial year 2024-25 (April-March) at 7 per cent. Quarter-wise, 7.2 per cent growth is seen in Q1, 6.8 in Q2, 7.0 in Q3, and 6.9 in Q4, respectively. RBI said that risks are […]
Finance
Government
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RBI Holds Repo Rate Steady For Sixth Time: MPC 8 Feb Meeting
- by BW Retail World Bureau
- February 8, 2024
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the sixth straight time. The repo rate is the rate of interest at which RBI lends to other banks. Deliberating the […]
Finance
Government
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RBI Likely To Keep Key Rate On Hold In February Meeting: SBI Research
- by BW Retail World Bureau
- February 6, 2024
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its February review meeting is expected to again put a pause on the repo rate, according to SBI Research. In its December meeting, the RBI unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining the status quo […]
Finance
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Retail
India’s Wholesale Inflation Rises, Retail Inflation Hits 4-Month High
- by BW Retail World Bureau
- January 15, 2024
Wholesale inflation in India, based on the Wholesale Price Index, remained in positive territory for the second month after remaining in the negative zone for the seventh straight month until October. Data released by the Ministry of Commerce and Industry on Monday afternoon showed India’s wholesale inflation in December stood at 0.73 per cent, against […]
Economy
Finance
Government
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Food Prices Cloud Inflation Outlook, MPC Minutes Reveal
- by BW Retail World Bureau
- December 23, 2023
India’s monetary policy committee (MPC) will remain vigilant of inflation risks, with the overall outlook remaining clouded by volatile and uncertain food prices, members of the committee said in the December policy meeting minutes, released on Friday. “On the growth front, the economy is running at full steam,” wrote Rajiv Ranjan, executive director at the […]
Food
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Spike In Food Prices Take India’s Retail Inflation To 3-month High
- by BW Retail World Bureau
- December 14, 2023
Retail inflation in India rose at its fastest pace in three months in November, largely due to a spike in food prices. The retail inflation or Consumer Price Index in November was 5.55 per cent. The October consumer price index (CPI) was at 4.87 per cent and 5.02 per cent in September. The retail inflation […]
Finance
National
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RBI To Announce Monetary Policy Today, Another Pause In Repo Rate Most Likely
- by BW Retail World Bureau
- December 8, 2023
Financial market participants in India will closely monitor the outcome and the policy stance of the central bank, the Reserve Bank of India (RBI), to be announced at 10 am Friday (today), for fresh cues. As things stand, the monetary policy committee is most likely to maintain status quo. The three-day bi-monthly monetary policy committee […]