Page 11 - India Inflation

FIIs turn net buyers; invest $840 million in Indian bonds in 2023 so far

Foreign institutional investors have purchased $840 million worth of Indian bonds so far in 2023. This is a change in the trend as they were net sellers of bonds in the years 2022 and 2021

What the Budget should explain

FM's speech must highlight its impact on money supply, demand and investment- factors that influence inflation and growth

Rising prices of non-perishables may not allow food inflation to cool soon

Inflation being driven by cereals, spices, milk, prepared meals and snacks

WPI inflation cools to 22-month low of 4.95% in Dec as food prices fall

In November 2022, wholesale price inflation stood at 5.85 per cent. In December 2021, it was at 14.27 per cent

Sensex, Nifty bounce back after 3-day fall on easing inflation; IT shine

Benchmark Sensex and Nifty bounced back on Friday after a three-day decline following buying in index major Infosys and Tata Consultancy Services amid a firm trend in global equities. The 30-share BSE Sensex gained 303.15 points or 0.51 per cent to settle at 60,261.18. During the day, it jumped 460.23 points or 0.76 per cent to 60,418.26. The broader NSE Nifty rose by 98.40 points or 0.55 per cent to end at 17,956.60. From the Sensex pack, Tata Steel, IndusInd Bank, Infosys, UltraTech Cement, NTPC, Bajaj Finance, Hindustan Unilever, Tata Consultancy Services, ICICI Bank and Maruti were among the major winners. Titan, Nestle, Larsen & Toubro, Axis Bank, ITC and Asian Paints were among the major laggards. HCL Technologies and Infosys recovered from early losses to end in green. Infosys on Thursday reported a better-than-expected 13.4 per cent rise in profit for the December quarter and raised its annual sales forecast on a strong deal pipeline even as it warned of "constraints" in

IIP growth rebounds to 7.1% in Nov; retail inflation eases to 5.7% in Dec

RBI Governor Shaktikanta Das in his latest monetary policy statement had expressed concern over "sticky and elevated" core inflation, holding that the battle against inflation was not over yet

What does 2023 have in store for Indian markets and economy?

Despite uncertainties, India's equity market scaled new highs last year. But how will the markets and the economy behave in 2023? Find out tells you what leading economists and market analysts think

Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das

Inflation is forecast to rise to 8.8 per cent in 2022, with both headline and core inflation staying well above targets in AEs and EMDEs, the report noted

Not afraid of recession, demand for automation will go up: Verint CEO

Dan Bodner, Verint founder and CEO said that India has been amongst the top two contributors to the Asia-Pacific revenue of the New York-based analytics company and will continue to expand

Reducing core inflation key to easing prices: MPC member Shashanka Bhide

Core inflation, calculated after stripping out volatile food and energy prices, has stayed above 6% for 14 months in a row, while retail inflation cooled to 5.88% in November

FMCG industry hopes to recover lost volume, to shrug off shrinkflation

Shrinkflation or reducing the size or quantity of a product while keeping the price unchanged was a little-known term in India but a surge in raw material costs following the war in Ukraine pushed several FMCG companies to resort to such a practice to ensure there is no impact on the fragile recovery in demand. And when they exhausted all options, FMCG (Fast Moving Consumer Goods) companies raised prices. Now, they are hoping to recover the lost ground in 2023, with a recovery in margins and volumes, especially from the distressed rural areas amid softening commodity prices. FMCG companies are "cautiously optimistic" and expect the rural market, which accounts for more than one-third of the overall sales, to bounce back in 2023 riding on a good harvest season, government impetus, and improvement in farm income. Besides, they expect the tailwinds of emerging channels like modern trade and e-commerce driving urban demand, and from a rise in premium discretionary categories. Besides, t

Missed inflation target, digital currency pilot mark RBI's 2022 map

The Reserve Bank of India failed to deliver on its contracted inflation target for the first time, started fiat digital currency pilot and finally saw its efforts to improve bank balance sheets see fruition in 2022, making it a mixed year for the central bank. With inflation ebbing into the target band, focus is likely to shift to helping economic growth in the new year, especially given the lagged impact of 2.25 per cent in rate hikes since May 2022, is likely to hamper GDP expansion. The big story of 2022 happened on October 12, when official data showed that headline inflation was above the 6 per cent mark -- the upper end of the tolerance band set for the central bank -- for nine consecutive months. It triggered a letter from RBI to the government enumerating the reasons for the miss and also when it sees the price rise coming to the 4 per cent mark. A bulk of the blame for persistent inflation was placed on the deteriorating global situation following the Russian invasion of ..

Crypto wrap: Central banks' commentary on inflation keeping market weak

Cryptocurrency news: Both Bitcoin and Ethereum have been trading below crucial support levels

Govt keeping eye on inflation, WPI fallen to 21-month low: FM in Parliament

Finance Minister Nirmala Sitharaman on Wednesday said the government is keeping an eye on inflation which is purely "extraneous" nowadays because of fuel and fertiliser prices. Replying to the debat on the Supplementary Demands for Grants in the Rajya Sabha, the minister said wholesale inflation has fallen to a 21-month low. Later, the Rajya Sabha returned the Supplementary Demands for Grants to the Lok Sabha, thus completing the process of authorising the government to spend an additional Rs 3.25 lakh crore in FY2022-23. Retail inflation based on consumer price index which remained above the Reserve Bank's tolerance level of 6 per cent since January this year has declined to 5.88 per cent in November. The minister also said private investment capex is taking place in India because of favourable policies like PLI and cited few examples. Sitharaman also stressed that the supplementary demand for grants is essentially for food security, fertiliser requirements and providing support

Irdai advises firms about minimum rate rule for reinsurance treaties

Regulator's instruction is about burning or break-even cost calculated to estimate the expected losses for a policy

Sum total of all your EMIs should not exceed 40% of your net income

Make sure buying a house will not lead to compromises on other crucial financial goals

Rice, wheat inflation continue to rise contrary to overall inflation

The retail inflation rate in wheat rose to 19.67 per cent in November from 17.64 per cent in October

WPI inflation eases to 21-month low as pricing pressure softens in November

Fruits and vegetables, protein-rich items such as eggs, meat and fish drag down prices; Core inflation eases for seventh consecutive month to 3.5%

LIVE: It's not 1962 anymore, will give a befitting reply, says Arunachal CM

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CPI inflation eases to 11-month low of 5.9% in November; IIP contracts

Core inflation inches up; manufacturing activity declines