Page 73 - Latest Updates on Inflation
Sensex up 54 pts, Nifty holds 17,600; NDTV gains 5%, Adani Enterprises 4%
CLOSING BELL: Technically, shares of NDTV have rallied four-fold since December 2021, staging one of its biggest rally since 2007-08
 "Sensex up 54 pts, Nifty holds 17,600; NDTV gains 5%, Adani Enterprises 4%")
Why urban families earning Rs 1L a month should be considered low income
Those who the govt thinks are rich are actually quite poor, and we need to rethink our notions of rich and poor for tax purposes
RBI aims to bring down inflation to 4% in two years: Shaktikanta Das
Central bank hopes to achieve its objectives without too much 'growth sacrifice', he says
 "RBI aims to bring down inflation to 4% in two years: Shaktikanta Das")
Inflation, rates may hit $114-billion firm debts: Standard and Poor's
'Deterioration in credit profile may not lead to large-scale defaults even in stressed scenario'
 "Inflation, rates may hit $114-billion firm debts: Standard and Poor's")
Is India ahead of 'unacceptably and uncomfortably high' phase of inflation?
The state of the economy report authored by RBI staff said the fall in the inflation rate in July was a heartening development
 "Is India ahead of 'unacceptably and uncomfortably high' phase of inflation?")
Euro slumps to two-decade lows against dollar as energy crisis bites
China's yuan weakened to a two-year low, while sterling briefly touched its weakest since March 2020.
 "Euro slumps to two-decade lows against dollar as energy crisis bites")
Weaker German, French economic data compound energy and euro woes
The S&P flash composite PMI, which tracks manufacturing and services, showed that a downturn in Germany, Europe's biggest economy, deepened in August due to high inflation and rising interest rates.
 "Weaker German, French economic data compound energy and euro woes")
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")