Page 41 - Latest Updates on Inflation
Egypt's Central Bank raises interest rates to curb surging inflation
The hike aims to ease spiraling inflation, with the annual figure reaching 32.9% in February, up from 26.5% in January
 "Egypt's Central Bank raises interest rates to curb surging inflation")
Wall Street poised to join stocks advance, inflation ebbs in Europe
The dollar was a touch weaker, while crude oil prices rose after a surprise drop in U.S. stockpiles
 "Wall Street poised to join stocks advance, inflation ebbs in Europe")
Toll operators in India to see a revenue jump of 16-18% in FY23: CRISIL
In FY24, the revenue growth will continue to be strong, but it will be a lower 9-11 per cent
 "Toll operators in India to see a revenue jump of 16-18% in FY23: CRISIL")
RBI may opt for 25 bps interest rate hike in monetary policy meet: Experts
The two key factors which the committee will deliberate intensely while firming up the next monetary policy are elevated retail inflation
 "RBI may opt for 25 bps interest rate hike in monetary policy meet: Experts")
MGNREGS pay still below minimum wage in several states, shows data
Gap remains despite a hike of up to 10.4% notified by the Centre for the coming financial year
 "MGNREGS pay still below minimum wage in several states, shows data")
Govt hikes DA, DR for central govt employees to 42% of basic pay
The move will benefit about 4.8 million central government employees and 6.9 million pensioners. The decision will be effective from 1 January, 2023
 "Govt hikes DA, DR for central govt employees to 42% of basic pay")
India pitches for ratings upgrade at meeting with representatives of Fitch
Fitch currently rates India's long-term sovereign debt at BBB- with a stable outlook
 "India pitches for ratings upgrade at meeting with representatives of Fitch")
Maruti to hike prices from April amid continued rise in input costs
This is Maruti's second price increase this year
 "Maruti to hike prices from April amid continued rise in input costs")
Without reforms, the country could see hyperinflation: IMF warns Lebanon
Three-quarters of Lebanon's population of over 6 million, including a million Syrian refugees, now lives in poverty and inflation is soaring
Bank of England raises interest rates again, sees inflation shock fading
BoE announces quarter-point rate hike to 4.25%; MPC says it expects inflation to fall faster
Sensex snaps 2-day winning run, slips 289pts; Nifty below 17100; banks fall
CLOSING BELL: Selling in heavyweights like SBI (down 2 per cent), HCL Tech, Infosys, Reliance Industries, HDFC Bank, HDFC, and ICICI Bank weighed on the benchmarks
Overestimation of inflation in Jan, Feb? RBI cites NSO methodology
It points to a sharp divergence in inflation in the cereals sub-group
 "Overestimation of inflation in Jan, Feb? RBI cites NSO methodology")
India better placed than most to face turmoil, says RBI report
'Core inflation defies softening of input costs'
 "India better placed than most to face turmoil, says RBI report")
Will the global economy bend or break?
What's different this time is that global financial stress - which has its genesis in four policy choices made in recent years - is juxtaposed with a more resilient real economy
Inflation likely to be determined by heatwaves, El Nino: Monthly eco review
Govt has said that the inflation trajectory is likely to be determined by extreme weather conditions like heatwaves and the possibility of an El Nino year, volatility in international commodity prices
 "Inflation likely to be determined by heatwaves, El Nino: Monthly eco review")
Sensex gyrates 744 pts, ends 361 pts down; Nifty below 17K; HUL, ITC shine
CLOSING BELL: For better part of the day, equity markets roiled in global rout as fears of a contagion banking sector failure soured sentiment
 "Sensex gyrates 744 pts, ends 361 pts down; Nifty below 17K; HUL, ITC shine")
US banking crisis: Key interest rates suggest RBI may go slow on tightening
The fall in OIS rates mirrored a decline in the 10-year US bond yield, which plunged close to 40 bps after the collapse of SVB
 "US banking crisis: Key interest rates suggest RBI may go slow on tightening")
Some fodder for thought
Uptrend in milk prices can be attributed chiefly to the steadily worsening shortage and the resultant surge in the prices of fodder and feed, accounting for nearly 65% of the cost of milk production
Rural recovery, price cuts to drive volume gains for consumer companies
It's 'rule Britannia' for brokerages; analysts divided on extent of margin gains
 "Rural recovery, price cuts to drive volume gains for consumer companies")
OECD raises India's FY24 growth forecast by 20 basis points to 5.9%
'Will pick up to recover to about 7% in FY25'
 "OECD raises India's FY24 growth forecast by 20 basis points to 5.9%")