Page 43 - Latest Updates on Inflation
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%")
FMCG, select banks help Sensex, Nifty snap 5-day losing streak; Metals dip
CLOSING BELL: Nestle, Titan, Hindustan Unilever and Asian Paints were the major gainers among the Sensex-30 pack; while Tata Steel, IndusInd Bank and Bharti Airtel were the top losers.
 "FMCG, select banks help Sensex, Nifty snap 5-day losing streak; Metals dip")
RBI doing it right on rate hikes, need more: IMF economist Luis Breuer
He also said the Budget's focus on prudence and fiscal consolidation was a good step that will reduce and stabilise public debt, which is quite high in the country compared to other G20 countries
 "RBI doing it right on rate hikes, need more: IMF economist Luis Breuer")
Global environment gloomier, India to grow at 6% next year: CRISIL
CRISIL said that the risks to inflation are 'tilted upward' due to the predictions of El Nino over the next couple of months
 "Global environment gloomier, India to grow at 6% next year: CRISIL")
Former RBI dy governor says pricing power of 'Big 5' driving core inflation
Viral Acharya says the Big5--Reliance, Tata, Aditya Birla, Adani and Bharti--are growing less at the expense of the small fries than at that of the next five big firms
 "Former RBI dy governor says pricing power of 'Big 5' driving core inflation")
No breather for stock markets as US bank crisis weighs on sentiment
Sensex, Nifty fall for 4th day to hit fresh five-month lows
 "No breather for stock markets as US bank crisis weighs on sentiment")
Policy dilemma
Central banks must focus on inflation
 "Policy dilemma")
Unprecedented spike in inflation spurs calls for urgent data revision
Consumer prices rose 6.44% in February, breaching the Reserve Bank of India's target ceiling
 "Unprecedented spike in inflation spurs calls for urgent data revision")
Inflation: Central banks can't fix the mess that politicians have created
Only politicians can fix the problem because, contrary to public belief, it is they who create money, not central banks
Manufacturing output in IIP still shows weakness as headline numbers grow
One reason for decline is muted domestic demand, particularly in rural areas due to high inflation
 "Manufacturing output in IIP still shows weakness as headline numbers grow")
Inflation and business pressure weigh on India Inc growth, says S&P
Along with Brazil and Japan, the S&P Global India business activity net balance slipped to 21 per cent in January
 "Inflation and business pressure weigh on India Inc growth, says S&P")
Retail inflation eases marginally to 6.44% in February from 6.52% in Jan
Retail inflation: his is lower than 6.52 per cent in January but still above the Reserve Bank of India's upper tolerance limit of 6 per cent
 "Retail inflation eases marginally to 6.44% in February from 6.52% in Jan")
Inflation expected to come down over the year: RBI MPC member Ashima Goyal
Goyal said that India has successfully dealt with 'pluri-shocks' over the past three years, showing considerable resilience
 "Inflation expected to come down over the year: RBI MPC member Ashima Goyal")
LIVE: Some constantly questioning India's democracy, says PM in Karnataka
Catch all the latest updates from across the globe here
 "LIVE: Some constantly questioning India's democracy, says PM in Karnataka")
An anti-government protest in Czech Republic capital draws thousands
Thousands of people in the Czech Republic rallied against the government Saturday, protesting high inflation and demanding an end to the country's military support for Ukraine
 "An anti-government protest in Czech Republic capital draws thousands")