Page 52 - Latest Updates on Inflation
India's battle against inflation to continue amid global uncertainties
After remaining above the Reserve Bank's comfort level of 6% for most part of this year, retail inflation is slowly easing, and efforts are likely to continue to further reduce it in the coming months
 "India's battle against inflation to continue amid global uncertainties")
Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das
Inflation is forecast to rise to 8.8 per cent in 2022, with both headline and core inflation staying well above targets in AEs and EMDEs, the report noted
 "Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das")
Monetary policy making: 2022 was year of reset, 2023 could be a long pause
25 bps raise likely in Feb, before RBI hits status quo button, feel experts
 "Monetary policy making: 2022 was year of reset, 2023 could be a long pause")
Sensex, Nifty end flat; Broader market outperforms, Titan gains 3%
CLOSING BELL: Auto majors - Maruti and Mahindra & Mahindra were the other prominent gainers among the Sensex 30, while Bharti Airtel and Tata Steel declined around a per cent each
 "Sensex, Nifty end flat; Broader market outperforms, Titan gains 3%")
Brazil's financial market lowers the inflation ceiling forecast for 2022
Brazil's financial market cut the inflation forecast for 2022 from 5.76 per cent to 5.64 per cent, the Central Bank of Brazil.
 "Brazil's financial market lowers the inflation ceiling forecast for 2022")
Holiday sales up 7.6% as US spending remained resilient amid inflation
Holiday sales rose this as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure
 "Holiday sales up 7.6% as US spending remained resilient amid inflation")
Inflation and agency accountability
In tune with global thinking, India created a monetary policy committee to target inflation. Six years later, it's time to strengthen its accountability
 "Inflation and agency accountability")
Crypto wrap: Central banks' commentary on inflation keeping market weak
Cryptocurrency news: Both Bitcoin and Ethereum have been trading below crucial support levels
 "Crypto wrap: Central banks' commentary on inflation keeping market weak")
Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%
Market at close: The pain was even more severe in the broader market space where the BSE MidCap and SmallCap indices fell 3 and 4 per cent, respectively
 "Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%")
Benchmark yield at 1 month high as RBI worry over inflation hurts sentiment
The benchmark 10-year yield ended at 7.3164%, the highest since Nov. 21 and after ending at 7.2867% on Wednesday
 "Benchmark yield at 1 month high as RBI worry over inflation hurts sentiment")
Indian shares extend losses amid concerns of Covid-19 cases, inflation
Indian shares extended fall for a third straight session, with broad-based declines, after the Reserve Bank of India's latest monetary policy minutes revealed strong concerns about inflation and Covid
 "Indian shares extend losses amid concerns of Covid-19 cases, inflation")
Turkish President Erdogan vows to sharply ease inflation next year
Turkish President Recep Tayyip Erdogan has pledged to sharply slow the inflation in the coming months and relieve Turkish citizens of the burden of a high cost of living.
 "Turkish President Erdogan vows to sharply ease inflation next year")
Elections not a factor for monetary policy: RBI governor at BFSI Summit
Direction and speed of inflation important, not just number: Shaktikanta Das
 "Elections not a factor for monetary policy: RBI governor at BFSI Summit")
MPC members voice different views on interest rate and stance: RBI minutes
Governor Das said due to persistent core inflation, there is no room for complacency and the battle against inflation is not over
 "MPC members voice different views on interest rate and stance: RBI minutes")
Covid-19, growth concerns push Sensex 635 pts down, Nifty below 18,200
CLOSING BELL: The Pharma index advanced over 2 per cent today as diagnostics and healthcare firms climbed amid rising Covid-19 cases globally
 "Covid-19, growth concerns push Sensex 635 pts down, Nifty below 18,200")
Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350
CLOSING BELL: Adani Enterprises, TCS, Axis Bank, Reliance Industries, ICICI Bank, IndusInd Bank, Nestle India, Ultratech Cement, SBI, and Infosys helped the frontline indices rebound
 "Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350")
Centre set to offer wheat to millers, biscuit makers to tame prices: Report
Wheat prices have surged in India this year after a sudden rise in temperatures hit crop yields and output
 "Centre set to offer wheat to millers, biscuit makers to tame prices: Report")
AAP prepares pitch for 2024 elections at its National Council met
The meeting concluded with the National Council noting the party's achievements over the last decade and passing resolutions against rising inflation and unemployment and Chinese aggression
 "AAP prepares pitch for 2024 elections at its National Council met")
Statsguru: Energy to food prices, 6 charts explain India's inflation woes
In terms of food prices, India seems to be doing much better than the Western economies, owing to it being less dependent on imports
 "Statsguru: Energy to food prices, 6 charts explain India's inflation woes")
IMF approves $3-bn loan to Egypt amid high inflation, forex funds shortage
The International Monetary Fund (IMF) has said that its executive board had approved a loan to Egypt of about $3 billion over 46 months
 "IMF approves $3-bn loan to Egypt amid high inflation, forex funds shortage")