A negative base impact is probably why India’s retail inflation, as measured by the Consumer Price Index, increased to 5.1% in September from 3.65% in August. CPI inflation was 5.02 percent in September 2023. With the expected 5.1% print, the Reserve Bank of India’s (RBI) prediction for retail inflation in the September quarter will align…
A “substantial majority” of US Federal Reserve officials supported a half-point rate cut during the September meeting to ease inflation and economic concerns. However, some officials favored a smaller quarter-point cut, indicating a cautious stance. The minutes revealed that while there was broad support for the half-point cut, it was not seen as a commitment…
With the Reserve Bank of India’s (RBI) monetary policy meeting in progress and Governor Shaktikanta Das scheduled to declare the benchmark interest rate decision on October 9, analysts predict that the MPC will maintain the repo rate at 6.50 percent. The MPC is anticipated to consider some significant variables, such as the persistence of inflationary…
Even though the US Federal Reserve began its easing cycle with an unexpected 50 basis point reduction, Emkay Global stated that even though the Reserve Bank of India has more than 20 days until its next MPC meeting, it still has the flexibility to continue focusing on managing risk and household inflation. And it said…
Due to a rise in grain prices and a little lower base than the one for July, India’s retail inflation, as measured by the Consumer Price Index (CPI), crept up to 3.65% in August from 3.6% in July. Retail inflation decreased to 6.83% in August 2023 from 7.44% in July 2023. Due to a large…
Gold’s price surge surpasses oil and copper, attracting central bank purchases in emerging markets. Unlike fiat currencies, its limited supply protects against inflation and currency devaluation, ensuring stability and financial stability. Gold also lacks credit or counterparty risk. Geopolitical factors drive gold demand, with 81% of central banks expecting global gold reserves to increase, and…
The provisional data released by the Ministry of Commerce & Industry on Wednesday showed that the increase in prices of food articles, food product manufacturing, mineral oils, crude petroleum & natural gas, other manufacturing, etc. was the main cause of India’s wholesale price index (WPI)-based inflation for July, which eased to 2.04% on an annual…
As food prices decreased in July, India’s retail inflation rate fell to 3.54%, nearly five years below its previous peak, according to government statistics released on Monday. This reduction comes after an inflation rate of 5.08% in June, which was the lowest since August 2019. The Reserve Bank of India’s 4% goal inflation rate was…
Following the Reserve Bank of India’s (RBI) policy announcement, shares in rate-sensitive industries including banking, finance, auto, and real estate are seeing a stable day. The financial industry is where the most notable effects are observed. At 50,243.45, the Nifty Bank index was up. It gained 611 points in a single day. Over the past…
The Ministry of Commerce & Industry announced provisional data indicating that the annual rate of India’s wholesale pricing index (WPI)-based inflation increased to 1.26 percent in April from 0.53 percent in March. A 13-month high was reached by the WPI in April, surpassing the Reuters forecast of 1% WPI inflation as predicted. According to the…
