Page 72 - Latest Updates on Inflation
India bond yields up for fourth day in a row as inflation, US yields weigh
The benchmark 10-year government bond yield ended at 7.2811%. The yield has risen 9 basis points in last three sessions and had ended at 7.2702% on Monday.
 "India bond yields up for fourth day in a row as inflation, US yields weigh")
Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%
CLOSING BELL: RIL, ICICI Bank, M&M, SBI, Bajaj twins, and Titan were the stocks that supported the indices
 "Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%")
LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.5%
The revisions come amid a rising interest rates scenario, which has seen the RBI hiking its key lending rate by 1.40 per cent since May to tame inflation.
 "LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.5%")
Centre is playing 'CBI-ED'; busy toppling govts, tweets CM Kejriwal
"Who do people talk to about their issues and whom should they go to? How will the nation progress like this?" he said in a tweet in Hindi
 "Centre is playing 'CBI-ED'; busy toppling govts, tweets CM Kejriwal")
Retail inflation for farm, rural workers rises to 6.6%, 6.82% in July
Retail inflation for farm and rural workers increased to 6.60 per cent and 6.82 per cent, respectively, in July mainly due to higher prices of certain food items
 "Retail inflation for farm, rural workers rises to 6.6%, 6.82% in July")
MPC minutes suggest further repo rate hikes to tackle rising inflation
Sequence of policy measures is expected to anchor inflation expectations, said Das
 "MPC minutes suggest further repo rate hikes to tackle rising inflation")
Finance ministry expects rural demand to recover as inflation softens
India's headline retail inflation for July came in at a five-month low of 6.71%, helped by easing global commodity prices and lower food prices domestically
 "Finance ministry expects rural demand to recover as inflation softens")
India better placed on growth-inflation-external balance triangle: FinMin
FinMin review said in absence of further shocks, downward movement of global commodity prices along with RBI's monetary measures and govt's fiscal policies are expected to cap inflationary pressure
 "India better placed on growth-inflation-external balance triangle: FinMin")
Retail Inflation 'unacceptably and uncomfortably' high: RBI Governor at MPC
Das, according to the minutes of the MPC meeting released on Friday, said retail inflation was "unacceptably and uncomfortably" high, as he along with other members proposed a 50 basis points hike
 "Retail Inflation 'unacceptably and uncomfortably' high: RBI Governor at MPC")
Turkish lira tumbles by 1% as central bank cuts key interest rate
Turkish consumers already struggle with high inflation and spiralling energy and food prices
 "Turkish lira tumbles by 1% as central bank cuts key interest rate")
RBI report projects retail inflation within tolerance band by Q1FY24
Says persistent high inflation needs policy response
 "RBI report projects retail inflation within tolerance band by Q1FY24")
Cereal inflation likely to offset disinflationary forces, say experts
There is a possibility of a 10-15-million tonne drop in kharif rice production due to drought in several major growing states in eastern India
 "Cereal inflation likely to offset disinflationary forces, say experts")
Elevated inflation warrants appropriate policy response, says RBI article
Inflation is persistently at elevated levels that warrants appropriate policy responses to anchor expectations going forward, said an RBI article published on Thursday.
 "Elevated inflation warrants appropriate policy response, says RBI article")
Global stocks lower after FOMC's July minutes suggest US inflation too high
Global stock markets and Wall Street futures mostly declined on Thursday after the Federal Reserve said US inflation is too high despite aggressive rate hikes, suggesting support for more increases
 "Global stocks lower after FOMC's July minutes suggest US inflation too high")
Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers
CLOSING BELL: The recovery was led by Kotak Bank (up 4 per cent), L&T, Bharti Airtel, SBI, HDFC Bank, HDFC, and ITC
 "Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers")
Inflation not impacting phone sales revenue; 50k bookings in a day: Samsung
Samsung feels the ongoing worries on inflation are unlikely to dent mobile phones business in India, adding that it sees a healthy double-digit growth in its revenues this year
 "Inflation not impacting phone sales revenue; 50k bookings in a day: Samsung")
UK inflation hits double digits in July for the first time in 40 years
The Consumer Prices Index rose 10.1% in July in the UK from a year earlier after a 9.4% gain the month before
 "UK inflation hits double digits in July for the first time in 40 years")
At 10.1%, Britain's inflation hits 40-year high as food prices soar
According to ONS, annual inflation for essential food items is now running at 12.7%, up from 9.8% in June, fuelled largely by price rises for basics such as bread, milk, cheese and eggs
 "At 10.1%, Britain's inflation hits 40-year high as food prices soar")
Volatile cotton prices, weak domestic demand hurt Gujarat's denim industry
Most MSMEs running at 60 per cent capacity as high input prices have also made exports costlier
 "Volatile cotton prices, weak domestic demand hurt Gujarat's denim industry")
Inflation: Things might get 'better' towards Sept-end, says SBI chairman
He said the supply side constraints getting addressed and crude oil prices trending low will help ease the situation