Page 56 - Latest Updates on Inflation
Key indicator suggests RBI may go for another 35 bps rate hike before pause
The expectation of the RBI's rate hike cycle ending after December is further elucidated by a rare occurrence -- an inversion in the swap curve
 "Key indicator suggests RBI may go for another 35 bps rate hike before pause")
Paris 2024 organizers say budget likely to increase 'because of inflation'
Organizers said half the extra money is needed to cover the impact of inflation, while some will go toward additional expenses for the opening ceremony on the Seine river
 "Paris 2024 organizers say budget likely to increase 'because of inflation'")
Easing material costs to aid Pidilite margins, near-term pressures weigh
Upsides from current levels may be capped due to higher valuations
 "Easing material costs to aid Pidilite margins, near-term pressures weigh")
Indian markets are likely to underperform peers in the short-run: Analysts
Among the lot, US equities still have a lot of room to catch up as the US Federal Reserve (US Fed) slows its pace of rate hikes, analysts say
 "Indian markets are likely to underperform peers in the short-run: Analysts")
Sensex drops 519pts, Nifty below 18,200; Easy Trip up 20%, Archean Chem 12%
CLOSING BELL: Over 35 stocks fell on the Nifty50 index, led by Adani Ports, Hindalco, TCS, HDFC, Tech M, Reliance Industries, Hero MotoCorp, Infosys, Grasim, JSW Steel, and Bajaj Finance
 "Sensex drops 519pts, Nifty below 18,200; Easy Trip up 20%, Archean Chem 12%")
Inflation makes humbled central bankers scale back their ambitions
The first step for the newly humbled monetary policymakers is getting prices back under control without creating economic havoc
 "Inflation makes humbled central bankers scale back their ambitions")
Joe Biden says 'it is going to take time' for inflation to recede
Biden has been encouraged by the Democrats' stronger-than-expected performance in the midterm elections, but he could be entering a perilous stretch when it comes to the economy.
 "Joe Biden says 'it is going to take time' for inflation to recede")
Japan's consumer prices spike to highest level in 40 years: Govt data
The nationwide core consumer price index, which excludes volatile fresh food items, rose for the 14th straight month, the data showed, beating a 3.5 per cent increase forecast by economists
 "Japan's consumer prices spike to highest level in 40 years: Govt data")
Shadow of India-China tussle, high inflation over Nepal elections
About 18 million people are eligible to vote for the 275-member Parliament, as well as the 550 members of seven Provincial Assemblies
 "Shadow of India-China tussle, high inflation over Nepal elections")
Inflation moderation key to sustain retail sales growth: Retail body chief
Kumar Rajagopalan of Retailers Association of India sounds hopeful that the industry will grow by 20% in the Oct-Dec wedding season
 "Inflation moderation key to sustain retail sales growth: Retail body chief")
Euro zone banks return nearly $308 billion in cheap ECB funding
The move is part of ECB efforts to fight record-high inflation in the euro zone by raising the cost of credit and it is its first step towards mopping up even more liquidity
 "Euro zone banks return nearly $308 billion in cheap ECB funding")
Economy resilient, but sensitive to global headwinds, says RBI article
With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient though it is still sensitive to global headwinds, an RBI article said on Friday.
 "Economy resilient, but sensitive to global headwinds, says RBI article")
India's economy to grow between 6.1% and 6.3% in Q2, says RBI bulletin
Data for the July-September quarter will be released at the end of this month
 "India's economy to grow between 6.1% and 6.3% in Q2, says RBI bulletin")
PE/VC investments drop 75% in October over last year: IVCA-EY report
Inflation woes, recession fears, the rising cost of capital, and elevated levels of uncertainty driven by geopolitical tensions have weighed down the PE/VC activity in 2022
 "PE/VC investments drop 75% in October over last year: IVCA-EY report")
Udan levy on airlines to double from Jan due to inflation, route expansion
The official added that a 20 per cent contribution from state governments to the regional connectivity fund had been factored in while proposing the hike
 "Udan levy on airlines to double from Jan due to inflation, route expansion")
2023 will be a challenging year for emerging markets: Moody's report
In a report, Moody's said next year will present a challenging backdrop for EMs
 "2023 will be a challenging year for emerging markets: Moody's report")
Canada's inflation steady at 6.9% in Oct: National statistical agency
According to Statistics Canada, in October, higher prices at the gas pump put upward pressure on the all-items CPI
 "Canada's inflation steady at 6.9% in Oct: National statistical agency")
Technical recession has become more likely, says European Central Bank
A technical recession is two or more consecutive quarters of declining economic output
 "Technical recession has become more likely, says European Central Bank")
Bank borrowings up 2x amid rush to fund credit growth, shows RBI data
As liquidity shrinks, lenders' reliance on short-term funding routes increases
 "Bank borrowings up 2x amid rush to fund credit growth, shows RBI data")
RBI likely to go for smaller rate hikes as inflation eases: Analysts
The RBI has already raised rates by 190 bps since May, to 5.90%, as it battles to reign in inflation that has stayed above its 2%-6% tolerance band for ten straight months now.
 "RBI likely to go for smaller rate hikes as inflation eases: Analysts")