Page 72 - Latest Updates on Inflation
Sensex slides 861 pts, Nifty holds 17,300; RIL slips 1% post 45th AGM
CLOSING BELL: Mukesh Ambani laid out succession plan with Akash Ambani championing telecom, Isha Ambani controlling Retail, and Anant Ambani joining new-energy vertical
 "Sensex slides 861 pts, Nifty holds 17,300; RIL slips 1% post 45th AGM")
Powell's Jackson Hole speech leaves crypto investors in a tough spot
The total crypto market cap fell below $1 trillion after staying above it for over a month. Bitcoin fell below $20,000, and Ethereum slipped below $1,500
 "Powell's Jackson Hole speech leaves crypto investors in a tough spot")
Dollar hits 20-year high as Fed flags higher rates for longer period
The U.S dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signaled interest rates would be kept higher for longer
 "Dollar hits 20-year high as Fed flags higher rates for longer period")
'Inflation fever' finally breaking but central banks won't stop rate hikes
As economic growth slows, prices for key raw materials - from oil to copper and wheat - have cooled in recent weeks, taking pressure off the cost of manufactured goods and food
 "'Inflation fever' finally breaking but central banks won't stop rate hikes")
Indian markets may feel the pinch of Fed chief's hawkish comments: Experts
Last week, the Sensex and the Nifty shed over 1 per cent but were still up nearly 15 per cent from their June lows
 "Indian markets may feel the pinch of Fed chief's hawkish comments: Experts")
Indian equities likely to remain volatile after US Fed chair's speech
On Friday, Fed chair Jerome Powell signaled the US central bank is likely to keep hiking interest rates and keep them elevated to tame inflation.
 "Indian equities likely to remain volatile after US Fed chair's speech")
US Fed chief Powell talks tough, warns of 'unusually high' rate hikes
Inflation is now their chief concern, and Powell's remarks at the symposium, hosted by the Kansas City Fed, set a tone likely to register on global markets
 "US Fed chief Powell talks tough, warns of 'unusually high' rate hikes")
Not convinced of durable fall in inflation: RBI Deputy Guv Michael Patra
CPI inflation was at 6.7% in July, the first time in four months that the price gauge fell below 7%
 "Not convinced of durable fall in inflation: RBI Deputy Guv Michael Patra")
Oil prices dip after US Fed chair Powell warns of economic pain ahead
Brent crude futures fell 1 cent to $99.33 a barrel by 1:13 p.m. EDT (1713 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 33 cents to $92.19 a barrel.
 "Oil prices dip after US Fed chair Powell warns of economic pain ahead")
Rupee rises by 8 paise to 79.84 on weak dollar ahead of Fed chair speech
However, higher crude prices in the international markets restricted the rupee's gain, forex dealers said.
 "Rupee rises by 8 paise to 79.84 on weak dollar ahead of Fed chair speech")
Dollar index volatile after Fed's Jerome Powell comments on inflation
Powell struck a hawkish tone, as was widely expected, and said that the Fed's overarching focus is to bring price pressures back down to the Fed's target of 2%.
 "Dollar index volatile after Fed's Jerome Powell comments on inflation")
Focusing on inflation to make central banks' job easier: Raghuram Rajan
He said issues such as climate change and employment are peripheral to the central bank mandate and could be better dealt with direct polices.
 "Focusing on inflation to make central banks' job easier: Raghuram Rajan")
Crypto wrap: Expect high volatility as inflation still a worry, say experts
Volatility in the crypto market comes at a time when the share markets too were showing high volatility, globally
 "Crypto wrap: Expect high volatility as inflation still a worry, say experts")
Centre restricts wheat flour exports to stabilise soaring local prices
India's cabinet approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement
 "Centre restricts wheat flour exports to stabilise soaring local prices")
Despite 22% jump in 3 months, analysts see more upside in Nifty PSB index
Among individual shares, Bank of Baroda, Canara Bank, State Bank of India, Indian Bank, and Union Bank of India soared between 21 per cent and 34 per cent during the period
 "Despite 22% jump in 3 months, analysts see more upside in Nifty PSB index")
Indian job market unfazed by inflation, hiring up 29% in Q1: Report
In line with the employee sentiment, 89 per cent of employers interviewed said inflation will not change the way companies hire and pay employees
 "Indian job market unfazed by inflation, hiring up 29% in Q1: Report")
Sony increases PS5 price in select countries amid high inflation rates
Japanese tech giant Sony on Thursday said that it is increasing the price of Play Station 5 (PS5) in select markets due to the global economic environment, including high inflation rates
 "Sony increases PS5 price in select countries amid high inflation rates")
Sensex tanks 709 pts from day's high, ends 311 pts down; Nifty holds 17,500
F&O Expiry: 25 of the 30 Sensex constituents and 34 of the 50 Nifty constituents ended in the negative territory including Adani Ports, Bajaj Finance, IndusInd Bank, Infosys, TCS, Axis Bank, and HDFC
 "Sensex tanks 709 pts from day's high, ends 311 pts down; Nifty holds 17,500")
Australian shoppers shift to cheaper goods amid multi-decade high inflation
Woolworths' biggest competitor, Coles, painted a similar picture in their end-of-year results
 "Australian shoppers shift to cheaper goods amid multi-decade high inflation")
Global bond inflows to emerging Asian markets signal shift in outlook
In August, global funds have poured $1.4 billion into Indonesia bonds in the first net addition in six months, while India has seen them loading up on rupee notes of $680 million
 "Global bond inflows to emerging Asian markets signal shift in outlook")