According to government data issued on Monday, wholesale price inflation stayed negative for the second consecutive month in November, mostly as a result of lower costs for food items, mineral oils, natural gas and crude petroleum, basic metals, and electricity. Inflation based on the Wholesale Price Index decreased from 2.16% in November of last year…
Retail inflation figures for October have reached their lowest levels ever. The October print came in at 0.3% due to food inflation dropping to -3.7% from -1.4% YoY in September and GST reductions in apparel, transportation, and healthcare easing core inflation outside of commodities. Although this near-zero figure appears optimistic on the surface, what does…
Food inflation decreases to -5.02% in October, while CPI inflation falls to 0.25%. The government stated that CPI data shows the effects of the GST cut are evident in every sector. According to the government release, “the full month’s impact of the decline in GST, favorable base effect, and to drop in inflation of Oils…
Following a three-day meeting, the RBI Monetary Policy Committee (MPC) retained the 5.5% repo rate. It’s not the main news, though. The central bank has announced important steps to fortify the banking industry. The FY26 GDP forecasts have also been increased to 6.8%. Additionally, for FY26, the Reserve Bank of India forecasted CPI inflation at…
Gold is currently trading at $3,140, down more than 10% from its peak in April, marking a considerable decline in price from its all-time highs. Because of a decline in demand for safe-haven assets and a reduction in global trade tensions, the price has fallen more than 2% and hit a five-week low. The United…
In support of a resurgence in private corporate investment and private spending, Reserve Bank Governor Sanjay Malhotra and the other five members of the rate-setting panel voted earlier this month for a 25 basis point drop in the repo rate. On April 9, Governor Malhotra’s Monetary Policy Committee (MPC) lowered the short-term lending rate by…
The consumer price index (CPI), which measures retail inflation in India, decreased from 3.61% in February to 3.34% in March, a five-year-seven-month low, as food costs significantly decreased. Analysts believe that this will allow the RBI to stimulate growth by reducing interest rates by at least 50 basis points in FY26. In the face of…
Wednesday saw a strong recovery in equity indexes, with late-session buying in financial companies helping the Sensex rise more than 300 points and the Nifty close above 23,400. The volatile session saw the Sensex rise 309.40 points to close at a two-week high of 77,044.29. On its way to 23,437.20, the NSE Nifty gained 108.65…
India’s government issued data on April 15 showing that wholesale inflation decreased to 2.05 percent in March from 2.4 percent in February. While the food index saw a further fall, the prices of manufacturing items, which make up about two-thirds of the index, increased by 3.1 percent from 2.9 percent the previous month. The central…
When markets were once again rocked by panic after Donald Trump acknowledged that his global tariff blitz might have “a transition cost,” gold hit a new high. After reaching a record high of $3,218.07, gold is currently trading at about $3,207. The current price of gold in India is Rs 93,380. On Thursday, gold prices…
