inflation – Page 4 – Market-Tracker

The manufacturing PMI for India improved to 58.6 in August, the highest level since May, while employment growth slowed.

According to the S&P Global monthly survey, India’s manufacturing sector experienced its quickest rise in three months in August, powered by a significant increase in new orders and output. The manufacturing sector’s health improved by the second-best amount in nearly three years in August, according to the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’…

WPI inflation in July was negative for the fourth consecutive month at (-)1.36% due to falling prices for food and mineral oil.

guna@fastura.com1 year ago03 mins

According to an announcement from the Ministry of Commerce and Industry, the wholesale price-based inflation rate was (-)1.36% in July 2023 compared to (-)4.12% in June 2023. The costs of mineral oils, basic metals, chemicals, and chemical products, textiles, and food items have all decreased since July 2023, according to the report. For the fourth…

The RBI decided to keep things as they are and maintains the repo rate at 6.5 percent.

guna@fastura.com1 year ago04 mins

Shaktikanta Das, governor of the Reserve Bank of India, announced on Thursday that following three days of discussion, the Monetary Policy Committee has opted to hold the key policy repo rate at 6.5 percent, maintaining the status quo for a third straight time. According to Shaktikanta Das, the MPC decided by a margin of 5:1…

WPI inflation falls to (-) 3.48 percent, a 3-year low, in May.

guna@fastura.com2 years ago02 mins

Due to falling costs for food, gasoline, and manufactured goods, the wholesale price-based inflation rate in May decreased by (-) 3.48 percent, reaching a three-year low. The inflation rate based on the wholesale pricing index (WPI) has been negative for two months in a row. The value for April was (-) 0.92 percent. The WPI…

Service industry cushions India’s economy from High-interest rates

guna@fastura.com2 years ago05 mins

India’s economic growth most likely matched government predictions because demand sparked an expansion in the services sector and mitigated the effects of high borrowing rates. According to the consensus estimate in a Bloomberg survey, which is in line with a government forecast given three months ago, data due on Wednesday is anticipated to reveal that…

Crude oil prices decline as a result of US debt worries

guna@fastura.com2 years ago02 mins

Early Thursday morning Asian trade saw a decline in oil prices as concerns over whether the US will escape a financial default outweighed the potential for more production cutbacks from OPEC+.In the Morning session, Brent crude futures had dropped 5 cents, or 0.1%, to $78.31 per barrel. West Texas Intermediate (WTI) crude for the United…

Bank Nifty is indecisive and rangebound: US debt, RBI key to watch

guna@fastura.com2 years ago03 mins

Despite numerous tries throughout the past month, Bank Nifty has not yet crossed its all-time high of 44,151.80. As the monthly derivatives expiry nears, it has been range-bound and aimless for the past several sessions, which has worried investors. While the Bank Nifty’s growth has been restrained by the failure of large US and European…

All eyes are on the minutes of the FOMC meeting as USDINR resistance is set at 83.10 and support is at 82.30.

guna@fastura.com2 years ago04 mins

Following a recovery in the dollar and weaker Chinese currencies, the Indian rupee concluded the prior week on a negative note. The local unit dropped for the second consecutive week to close at 82.77, the lowest level since February 2023. The rupee fell after reaching 82.50, despite significant inflows of foreign capital. Foreign institutions have…

Crude oil prices decline due to a strong dollar and persistent inflation.

guna@fastura.com2 years ago03 mins

Early Friday morning Asian trading saw a minor decline in oil prices as hopes that a U.S. debt default will be avoided were weighed against persistent inflation statistics that might signal future interest rate increases from central banks around the world. Brent futures were down 2 cents at $75.84 per barrel on today morning. West…

U.S. dollar drops to a one-year low, as expectations for a Fed pause rise due to decreasing inflation

guna@fastura.com2 years ago02 mins

On Friday, traders increased predictions of an impending halt to the U.S. Federal Reserve’s rate-hike cycle on signs of slowing inflation, sending the U.S. dollar plummeting to a one-year low versus a basket of currencies while the euro reached a one-year high. A day after inflation statistics indicated a moderating in consumer prices, data from…

Tag: inflation

The manufacturing PMI for India improved to 58.6 in August, the highest level since May, while employment growth slowed.

WPI inflation in July was negative for the fourth consecutive month at (-)1.36% due to falling prices for food and mineral oil.

The RBI decided to keep things as they are and maintains the repo rate at 6.5 percent.

WPI inflation falls to (-) 3.48 percent, a 3-year low, in May.

Service industry cushions India’s economy from High-interest rates

Crude oil prices decline as a result of US debt worries

Bank Nifty is indecisive and rangebound: US debt, RBI key to watch

All eyes are on the minutes of the FOMC meeting as USDINR resistance is set at 83.10 and support is at 82.30.

Crude oil prices decline due to a strong dollar and persistent inflation.

U.S. dollar drops to a one-year low, as expectations for a Fed pause rise due to decreasing inflation

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