Page 89 - Latest Updates on Inflation
Rupee is expected to trade sideways in the near term, says BS poll
At record low, rupee better off than peers; RBI may provide support to prevent sharp depreciation, says BS poll
 "Rupee is expected to trade sideways in the near term, says BS poll")
May CPI inflation cools down to 7.04% from eight-year high in April
The excise duty cuts for petrol and diesel and duty cuts on other items may have played a part in cooling inflation
 "May CPI inflation cools down to 7.04% from eight-year high in April")
'RBI much ahead in containing inflation but rate hike possible in Aug, Oct'
Core CPI also moderated in May to 6.09 per cent compared to 6.97 per cent in April, as per the SBI's research report 'Ecowrap'.
 "'RBI much ahead in containing inflation but rate hike possible in Aug, Oct'")
Rupee slides 11 paise against US dollar, breaches 78-mark for first time
The local unit finally settled at its all-time low of 78.04, down 11 paise over its previous close of 77.93
 "Rupee slides 11 paise against US dollar, breaches 78-mark for first time")
Extend GST compensation to states by 3-5 yrs more: Amit Mitra to Sitharaman
Unforeseen battle against pandemic has put states' fiscal health under huge stress, he says in letter to FM
 "Extend GST compensation to states by 3-5 yrs more: Amit Mitra to Sitharaman")
Oil dips on Beijing's Covid warning, fears of rate hikes to curb inflation
Brent crude was down $1.86, or 1.5%, to $120.15 at 0907 GMT, while US West Texas Intermediate crude was down $2.15, or 1.8%, at $118.52.
 "Oil dips on Beijing's Covid warning, fears of rate hikes to curb inflation")
Best of BS Opinion: Shifting cycle, global macro in 2022/2023, and more
Here are the top BS Opinion articles of the day
 "Best of BS Opinion: Shifting cycle, global macro in 2022/2023, and more")
What are the key global events markets will track this week?
Equity markets snapped their three-week winning streak last week after RBI hiked repo rate to bring down inflation. Delve into the key global events that investors will track this week
 "What are the key global events markets will track this week?")
Both customers and banks to feel pain in new regime
The banks have a balm for their pain. Probably, shifting to floating rate deposits can work as an anaesthetic gel for some of the customers
For the Modi government disinvestment hasn't been about earning money
The Modi government has earned twice as much from disinvestment as all previous governments combined have since 1991
Bank of England set to raise rates again as inflation heads for 10%
That would take Bank Rate to 1.25%, its highest level since January 2009, when Britain's economy was holed by the global financial crisis
 "Bank of England set to raise rates again as inflation heads for 10%")
Wall Street ends down sharply as inflation data intensifies investor fears
The Dow Jones Industrial Average fell 882.47 points, or 2.73%, to 31,395.72
 "Wall Street ends down sharply as inflation data intensifies investor fears")
Zimbabweans are counting their toes as inflation soars more than 130%
An internet rumour blazed through the country that desperate people were selling their toes for cash
 "Zimbabweans are counting their toes as inflation soars more than 130%")
Credit's rout is so severe that double-digit losses are the norm
Investors have now lost 10.1 per cent this year on euro high-grade corporate bonds, Bloomberg debt indexes show
 "Credit's rout is so severe that double-digit losses are the norm")
With earnings risk, valuations aren't really compelling: Edelweiss Fin head
In a Q&A, Aditya Narain says India's valuations have come off but are still more expensive than other markets. Also, downward pressure on earnings makes the environment uncertain
 "With earnings risk, valuations aren't really compelling: Edelweiss Fin head")
Japanese yen jumps after govt, central bank sound intervention warning
Japan's yen has been battered by traders wagering that BOJ will stick with its ultra-accommodative policy stance just as the Fed and other central banks accelerate their tightening to tame inflation
 "Japanese yen jumps after govt, central bank sound intervention warning")
Money for crisis-hit Ukraine tops G7 agenda; inflation, food a concern
IMF chief optimistic G7 funds for Ukraine can stave off hyperinflation
 "Money for crisis-hit Ukraine tops G7 agenda; inflation, food a concern")
European Central Bank raises 2022 inflation forecast to 6.8% from 5.1%
The ECB now sees inflation over its 2 per cent target throughout its projection horizon, accepting that rapid price growth is not nearly as temporary as it had forecast for the past year
 "European Central Bank raises 2022 inflation forecast to 6.8% from 5.1%")
Wage cost inflation may moderate IT players' profit margins by 1.5%
The shrinking will be over and above the narrowing of up to 3.50 per cent on the operating profit margin front for most IT companies in FY22
 "Wage cost inflation may moderate IT players' profit margins by 1.5%")
Market correction insufficient and pressure to continue, says Nomura
They could correct another 5% to 15% due to stress in the macro economy, says the brokerage.
 "Market correction insufficient and pressure to continue, says Nomura")