According to an RBI assessment, persistently high inflation remains a key policy worry for the Reserve Bank, which has raised rates aggressively this year, but the pressure may subside next fiscal assuming normal rains and the continued normalization of global supply chains without any exogenous shocks. The Reserve Bank of India (RBI) anticipates retail inflation…
The food ministry said on Sunday that while the prices of atta (flour) were steady over the last week, the retail and wholesale prices of wheat and rice had decreased. According to the ministry, “wheat and rice prices have increased more or less in line with the increase in the minimum support price over the…
The food ministry announced on Sunday that until March 2023, certain edible oils are subject to preferential import taxes. In order to increase domestic supply and manage retail prices, the Central Board of Indirect Taxes and Customs (CBIC) made this decision on August 31, 2022. The CBIC’s decision to extend the current reduced import taxes…
The Indian rupee is anticipated to continue volatile in the face of a strong dollar, market risk aversion, and cautious emotions ahead of the result of the RBI Monetary Policy Committee meeting. The rupee closed slightly higher versus the US dollar the previous day, following a bumpy session in which the Reserve Bank of India…
The Reserve Bank of India (RBI) on September 30 announced a 50 basis points hike in the repo rate stepping up its fight against persistently high inflation. Repo is the rate at which the central bank lends short-term funds to banks. One bps is one-hundredth of a percentage point. With the latest rate hike, the…
The Robusta cherry AB Coffee futures contract will relaunch on Friday at the national commodity and derivatives market (NCDEX). Initial trading would be restricted to monthly contracts with April, March, and February expiration dates. The contract would be a mandatory delivery contract that must be fulfilled in the Karnataka city of Kushalnagar. The contract will…
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold and silver rates in India were trading in positive territory on Friday, owing to a drop in the value of the US dollar. Gold December futures were trading Rs.71 higher at Rs 50,258 per 10 gramme on the Multi Commodity Exchange, compared to the previous…
Copper prices are anticipated to decline for the remainder of the year after falling over 30% after reaching a new high on March 4, while supply issues are likely to prevent a dramatic decline. According to research firm Fitch Solutions Country Risk and Industry Research, a division of the Fitch Group, “persistent supply issues in…
The Indian rupee is projected to fall further as the dollar strengthens and markets become more risk-averse. The USDINR pair is likely to rise to 83 in the next sessions. The rupee fell to a new record low of 81.94 against the US dollar in the previous session, as US bond yields rose. So far…
The government faces the tough task of deciding on domestic gas prices as the date for the biannual exercise for fixing the prices approaches on September 30. According to sources, prices would likely increase by $9 to $10 per million British thermal units if the government implemented the administered price mechanism (APM) (MBtu). The price…
