Page 85 - Latest Updates on Inflation
Asian stocks inch higher; growth, inflation fears keep buyers at bay
MSCI's gauge of Asia Pacific stocks outside Japan was up 0.3%, having erased part of the early morning gains
 "Asian stocks inch higher; growth, inflation fears keep buyers at bay")
Centre committed to meeting FY23 fiscal deficit target: Official
Says macroeconomic fundamentals and forex reserves are robust enough to deal with current geo-political challenges
 "Centre committed to meeting FY23 fiscal deficit target: Official")
No respite for manufacturers as inflation continues to weigh on the economy
As India's business optimism slid to a 27-month low of 50.9, economists say they do not see a respite for manufacturers from cost inflation in the near term
 "No respite for manufacturers as inflation continues to weigh on the economy")
In a first, RBI governor to write to FinMin if inflation target missed
Inflation, as measured by the consumer price index (CPI), has remained above 6 per cent, the upper limit of the tolerance band, since January this year
 "In a first, RBI governor to write to FinMin if inflation target missed")
Statsguru: Six charts explain falling rupee and how it impacts the economy
The Reserve Bank of India has been defending the rupee and has lost a significant amount of foreign exchange reserves
 "Statsguru: Six charts explain falling rupee and how it impacts the economy")
Euro-zone inflation hits record 8.6%, boosting case for big hikes
Driven once more by soaring food and energy costs, consumer prices jumped 8.6 per cent from a year earlier in June - up from 8.1 per cent in May
 "Euro-zone inflation hits record 8.6%, boosting case for big hikes")
Top headlines: Gold import duty raised to 15%, GST receipts up 56% in June
India's factory output expanded at its slowest pace in nine months in June. More on that in our top headlines
 "Top headlines: Gold import duty raised to 15%, GST receipts up 56% in June")
Global factory growth feeble in June, feeding economic recession fears
Between central banks digging their heels in to counter inflation and growing fears there is absolutely no path to a soft landing for the global economy, there are few, if any, places to hide
 "Global factory growth feeble in June, feeding economic recession fears")
PMI Manufacturing: June factory growth at 9-month low as inflation bites
While the Manufacturing Purchasing Managers' Index remained resilient, it fell to a nine-month low of 53.9 in June from May's 54.6
 "PMI Manufacturing: June factory growth at 9-month low as inflation bites")
Inflation to exceed official target ceiling in 2022: Brazil's central bank
For 2022, the official inflation target was set at 3.5 per cent, with a margin of tolerance of 1.5 percentage points
 "Inflation to exceed official target ceiling in 2022: Brazil's central bank")
Don't think today's situation calls for negative real rates: Jayanth Varma
Either inflation has to come down on its own or we will have to raise the rate, or it will be a combination of the two, says MPC member Varma
 "Don't think today's situation calls for negative real rates: Jayanth Varma")
Top 5 factors that may set market direction in the second half of 2022
Investors are now looking toward potential triggers that may set the likely trajectory for equity markets in the second half of 2022.
 "Top 5 factors that may set market direction in the second half of 2022")
Sensex, Nifty end flat in choppy session; metals, auto, IT packs slip most
Stock market LIVE updates: The broader markets suffered more losses than the frontline indices. The BSE MidCap and SmallCap indices shed 0.5 and 0.7 per cent, respectively.
 "Sensex, Nifty end flat in choppy session; metals, auto, IT packs slip most")
Euro under pressure as inflation fears send investors to dollar haven
The euro was at $1.044, after losing 0.75% on the dollar the day before, and heading for a monthly decline of 2.7%
 "Euro under pressure as inflation fears send investors to dollar haven")
What is MPC member Jayant R Verma on inflation & economic challenges?
In a chat with Business Standard's Manojit Saha, external MPC member Jayant R Verma said that the country will have to tolerate a modest growth sacrifice now as the RBI fights inflation. Listen in
 "What is MPC member Jayant R Verma on inflation & economic challenges?")
Spain inflation soars to record 10% as ECB gears up for rate hikes
Energy and food costs drove Spanish inflation to 10% last month -- defying government efforts to curb it and raising pressure on Prime Minister Pedro Sanchez
 "Spain inflation soars to record 10% as ECB gears up for rate hikes")
Rate tweaks to make up for inefficiencies in value chain: FM Sitharaman
Stating that all states are aware of the potential impact of rate rationalisation on inflation, Sitharaman said any increase in tax rates will also make up for the tax burden.
 "Rate tweaks to make up for inefficiencies in value chain: FM Sitharaman")
Rupee at a fresh new low as rising oil deepens CAD, inflation concerns
The rupee settled at a new low of 78.77 per US dollar against the previous close of 78.35 per US dollar
Gold stuck in range as rate hike bets and recession fears collide
Although gold is considered a hedge against inflation and economic uncertainties, rate hikes dim bullion's appeal by increasing the opportunity cost of holding the asset which pays no interest.
 "Gold stuck in range as rate hike bets and recession fears collide")
Govt considers allowing some exports of raw sugar piled up at ports: Report
Additional shipments from India, the world's biggest exporter of sugar after Brazil, could weigh on raw sugar futures, which are trading near their lowest in four months.
 "Govt considers allowing some exports of raw sugar piled up at ports: Report")