In which we munch over the week's platter of news and views
Closing Bell on Friday, October 13, 2023: Among sectors, the Nifty PSU Bank index fell 1.4 per cent, while the Nifty Auto index gained 0.88 per cent
Core CPI - which strips out volatile food and energy costs - rose 0.8%, same as August. Producer prices fell 2.5%, moderating slightly from the prior month's decline
Overall inflation in India rose 5.02 per cent for the month of September
Any lingering fears that inflation and higher interest rates would dampen consumers' spirit in Asia's third largest economy, are being rapidly dispelled
Sustained higher inflation can affect outlook
Both Ajay Banga, the institution's president, and Chief Economist Indermit Gill warned that the fallout from the sudden shift to an era of elevated borrowing costs may be tough
Inflation, as measured by the annual change in the CPI , was forecast to have fallen to 5.50% in September from 6.83% in August, according to an Oct. 3-9 Reuters poll of 66 economists
In most countries, the IMF, an institution charged with monitoring the health of the global economy, foresees inflation remaining above central bank targets until 2025
The results of the September 2023 round of its bi-monthly survey were released alongside the monetary policy review
Inflation should remain largely range bound in the coming months (5-6 per cent)
Its economic problems due to ageing, low birth rate, and poor gender ratios should serve as a wake-up call for India
The Reserve Bank will announce the next bi-monthly monetary policy on December 8
RBI policy: In the last bi-monthly announcement in August, the MPC decided to keep the benchmark repo rate unchanged at 6.5% for the third time in a row. Check all LIVE updates for today's MPC here
Congress general secretary Jairam Ramesh's attack on the government came after the Reserve Bank of India on Friday decided to keep the policy rate unchanged for the fourth time in a row
RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row
RBI policy: Shaktikanta Das said that real GDP forecast for 2023-24 has been retained at 6.5% by MPC
Here is the best of Business Standard's opinion pieces for today
The US and Europe are offering 8 to 10 times more subsidies amounting to a massive $650 billion, around 18 per cent of India's gross domestic product
Shorter-maturity Treasury yields had previously reached the highest levels since at least 2007, and extended their climb Tuesday