Following an eight-month low of 56.5 in September, India’s manufacturing activity rebounded to 57.5 in October, demonstrating a significant and quicker improvement in operating conditions, according to data provided by S&P Global on Monday. It claimed that October saw an acceleration of output growth driven by quicker growth in both foreign sales and total new…
October 2024 was the worst month for outflows on record, with foreign investors wiping out an astounding Rs 94,000 crore (about $11.2 billion) from the Indian stock market. The high values of domestic stocks and the allure of attractive valuations in the Chinese stock market drove this abrupt withdrawal. The new outflow surpasses the Rs…
Despite improving demand patterns, the nation’s industrial and service sectors improved in October compared to September. According to a statement from S&P Global, the HSBC Flash India PMI increased from 58.3 a month earlier to 58.6 in October. A significant increase in manufacturing was the main driver of the activity rebound. Following an eight-month low…
According to preliminary statistics provided by the Ministry of Commerce & Industry on Monday, India’s wholesale price index (WPI)- based inflation for September increased to 1.84 percent on an annual basis from a four-month low of 1.31 percent in August. WPI inflation increased to 3.36 percent in June and 2.04 percent in July. In September…
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…
