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…
August saw a minor decline in the value of the Indian rupee of 0.3% versus the US dollar, with August 12 marking a new record low of 83.98. In comparison, during the same period, the majority of other Asian currencies have appreciated in value relative to the US dollar. Notably, thus far this month, the…
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 Reserve Bank of India (RBI) reported that for the week ending May 17, forex reserves increased by $4.5 billion to an all-time high of $648.7 billion. The week ending May 17 saw an increase in the rupee of 17 paise, or 0.20%. The entire Forex kitty has increased for the past three weeks running….
Gold prices increased slightly yesterday, ending at 65,750 rupees per ounce. Traders were waiting impatiently for the U.S. Federal Reserve’s monetary policy announcement and Fed Chair comments, hoping to gain some insight into the possibility of rate reduction. The Federal Reserve kept interest rates in the predicted range of 5.25% to 5.5%, but it also…
As per the latest research by CRISIL, the Indian economy is predicted to develop at an average annual pace of 6.7% until the end of the decade. Between the fiscal years 2024 and 2031, the economy will expand at this rate, slightly faster than the 6.6% pre-pandemic average. Capital will be the primary driver of…
For the week ending January 12, India’s foreign exchange reserves increased by USD 1.634 billion to USD 618.937 billion, the Reserve Bank of India (RBI) reported on Friday. The total reserves have dropped to USD 617.3 billion from USD 5.89 billion during the previous reporting week. In October 2021, the nation’s forex reserves hit an…
The majority of Asian currencies fell in tandem with the dollar index’s increase to 102.60.The core CPI is predicted by Reuters’ panel of experts to increase by 0.3% month over month in December, when U.S. consumer inflation data is expected on Thursday. Core CPI is predicted to increase by 3.8% year over year, which is…
The Reserve Bank of India’s “state of economy” report, which was released on Wednesday, projects that real GDP growth in India would likely reach 6% in FY25. The current estimate, which follows the upward revision of the projected growth rate for FY24 from 6.5% to 7%, is less than the 6.5% forecast in the Monetary…
Due to a lack of signals on both the domestic and international fronts, the rupee’s volatility is still modest. In the domestic arena, the rupee was sustained and its gains throughout the intraday session were reinforced by flows relating to the initial public offering. Simultaneously, the rupee received assistance from the dollar index’s decline. The…
