Page 61 - Latest Updates on Inflation
RBI should focus on softening core inflation: MPC's Shashanka Bhide
"As far as monetary policy is concerned, moderation in the core inflation should be the priority," Shashanka Bhide, an external member of the Reserve Bank of India's monetary policy committee, said
 "RBI should focus on softening core inflation: MPC's Shashanka Bhide")
French FM Le Maire aims for annual inflation at 5% in early 2024: Report
French Finance Minister Bruno Le Maire has said that he aims to bring down the country's annual inflation rate to 5 per cent by the beginning of 2023
 "French FM Le Maire aims for annual inflation at 5% in early 2024: Report")
Oil near flat as inflation concerns contend with China's quarantine ease
Oil prices were near flat on Friday, as market participants weighed concerns about steep inflation with optimism that China could see energy demand tick up
 "Oil near flat as inflation concerns contend with China's quarantine ease")
HUL Q2 preview: Revenue may climb up to 21% YoY in Q2FY23, say analysts
HUL Q2 preview: Analysts expect the cost inflation in palm prices and packaging material to dent the FMCG major's margin picture in Q2-FY23
 "HUL Q2 preview: Revenue may climb up to 21% YoY in Q2FY23, say analysts")
Sensex rises 96 pts after range-bound trade; Pvt banks weak, IT strong
CLOSING BELL: Meanwhile, the rupee will fall further against the US dollar over the rest of the year, a Reuters poll showed. It slipped to a record low of 83.21 today, and ended at 82.75/$
 "Sensex rises 96 pts after range-bound trade; Pvt banks weak, IT strong")
Cash-for-gold lender Muthoot Finance joins trend shunning new dollar debt
Muthoot Finance Ltd. is extending a trend in emerging Asia that's dragged down bond issuance in the US currency to its lowest since 2015
 "Cash-for-gold lender Muthoot Finance joins trend shunning new dollar debt")
Japan's trade deficit balloons for 14th month on energy costs, cheap yen
Japan marked a trade deficit for the 14th month in a row, with exports and imports ballooning to record highs, as the declining value of the yen added to the soaring costs of imported goods
 "Japan's trade deficit balloons for 14th month on energy costs, cheap yen")
Sinking in polls, Japanese leader renews unorthodox inflation bet
Japanese leader Fumio Kishida has seen his approval rating plummet of late along with the yen. But he's sticking with his world-defying bet on loose monetary policy even as voter dissatisfaction grows
 "Sinking in polls, Japanese leader renews unorthodox inflation bet")
Global economy facing disruptions, India can't be decoupled: Rakesh Mohan
Country has to tailor its actions in response to international crises, says economist and former deputy governor of RBI
 "Global economy facing disruptions, India can't be decoupled: Rakesh Mohan")
Inflation to fall below 6% next year amid RBI rate hikes: Ashima Goyal
RBI MPC member Ashima Goyal said that the efforts of the Reserve Bank to contain price rise by increasing interest rates will help in containing inflation, which is likely to fall below 6 next year
 "Inflation to fall below 6% next year amid RBI rate hikes: Ashima Goyal")
Sensex gains 147 pts; Nifty holds 17,500; Rupee hits record low of 83/$
CLOSING BELL: HDFC, Nestle India, ITC, RIL, Axis Bank, and Ultratech Cement were the top gainers
 "Sensex gains 147 pts; Nifty holds 17,500; Rupee hits record low of 83/$")
UK inflation jumps more than expected to 40-year high as food prices soar
The Consumer Prices Index rose 10.1% last month from 9.9% the month before, the Office for National Statistics said Wednesday.
 "UK inflation jumps more than expected to 40-year high as food prices soar")
Is the worst of inflation behind us?
RBI says that the inflation might have hit the peak and it could start to lose steam from now. Some say the RBI should breathe easy, while others say it shouldn't. Is the worst of inflation behind us
 "Is the worst of inflation behind us?")
Despite economic recovery, real rural wage growth remains flat in FY23
The growth in nominal terms has been steady but the sharp rise in inflation seems to have eaten into the increase
 "Despite economic recovery, real rural wage growth remains flat in FY23")
Down 66% YoY, total deal value in Q3FY23 second lowest since 2017: Report
According to Grant Thornton Bharat's Dealtracker September 2022 report, a total of 450 deals worth $10.2 billion were recorded in Q3FY23, 25 per cent below the 600 deals recorded in Q3FY22
 "Down 66% YoY, total deal value in Q3FY23 second lowest since 2017: Report")
India's policy hawk sees end of aggressive hikes amid growth fears
India's most hawkish rate-setter said the policy rate was reaching a level that allows past aggressive action to cool inflation without inflicting too much pain on the economy
 "India's policy hawk sees end of aggressive hikes amid growth fears")
Mark Mobius warns Fed interest rates will hit 9% if inflation persists
If inflation is 8%, the playbook says you've got to raise rates higher than inflation, which means 9%, says the co-founder of Mobius Capital Partners
 "Mark Mobius warns Fed interest rates will hit 9% if inflation persists")
Bond yields ease as MPC minutes hint at slower interest rate hikes
1-year bond yield logs the sharpest fall in two-and-a-half months
 "Bond yields ease as MPC minutes hint at slower interest rate hikes")
Headline inflation might have peaked in September, says RBI report
Fight against price rise could be 'dogged and prolonged'
 "Headline inflation might have peaked in September, says RBI report")
India's real rate shouldn't be more than 1%: MPC member Ashima Goyal
In a Q&A, she says interest differential with the US does not matter so much because India has caps on interest sensitive inflows. Overseas investment is a very low share of the country's debt market
 "India's real rate shouldn't be more than 1%: MPC member Ashima Goyal")