Page 3 - India Inflation

Indian Rupee opens 24 paise lower at 85.52/$; snaps 3-day winning streak

The domestic currency began the session 24 paise lower at 85.52 after closing at 85.28 against the greenback on Wednesday

India inflation in March steady at 3.6% after four months of decline: Poll

Food price rises had steadily moderated over the previous four months but likely bottomed in March as the country's farm industry experienced uneven rainfall and heat waves

RBI lowers FY26 GDP growth forecast to 6.5% on global trade uncertainties

Inflation outlook for India improves on sharp decline in food prices and record wheat and pulse production

'RBI may again cut repo rate by 25 bps as inflation eases, growth slows'

The Reserve Bank is likely to cut key interest rates again by up to 25 basis points this week, as lower inflation provides support for an accommodative monetary policy stance, and there is a pressing need to stimulate growth at a time when the reciprocal tariffs announced by the US is posing a challenge to the global economy. In February, the RBI's Monetary Policy Committee, headed by Governor Sanjay Malhotra, slashed the repo rate by 25 basis points to 6.25 per cent. It was the first reduction since May 2020 and the first revision after two-and-a-half years. The 54th meeting of the MPC, the rate-setting panel, is scheduled to start deliberations on April 7, and the decision will be announced on April 9. The Reserve Bank of India (RBI) has kept the repo rate (short-term lending rate) unchanged at 6.5 per cent since February 2023. The last time the RBI reduced the rate was during the Covid times (May 2020), and thereafter, it was gradually raised to 6.5 per cent. Bank of Baroda Chie

India's March services growth moderated, inflation eased sharply: PMI data

The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, fell to 58.5 last month from 59.0 in February, but was higher than a preliminary estimate

RBI strengthening financial system amid challenges: Governor Malhotra

Central bank's role has expanded significantly beyond initial mandate, he says

Datanomics: Legislator paychecks remain fatter than average citizens'

The decision to adjust the salaries of MPs every five years, based on the cost inflation index, was taken for the first time in 2018. In that same year, their salaries doubled from ₹50,000 to ₹1 lakh

Swap market prices in more RBI rate cuts amid weak growth, low inflation

OIS rates, the closest gauge of interest rate expectations, have eased by 10-15 basis points so far in March

RBI likely to cut rates in April MPC meet as inflation drops below 4%: UBS

Swiss investment bank UBS believes an accommodative monetary policy could help India sustain growth amid rising global uncertainties and trade disputes

India inflation likely fell to 4.6% in Jan as food price moderated: Report

A sharp decline in inflation will also be welcomed by the Reserve Bank of India, which cut the repo rate by 25 basis points to 6.25 per cent late last week

Households expect inflation to moderate; consumer confidence dips

Inflation expectations showed an upward trajectory for three months and one-year ahead period

Rate cut as expected; FY26 growth forecast slightly optimistic: Aditi Nayar

Looking ahead, we believe that the growth-inflation outlook suggests that there is room for another 25 bps rate cut in either the April or the June 2025 meetings

Economic Survey 2025: Inflation stays high as food prices defy global dip

The Economic Survey, tabled by Finance Minister Nirmala Sitharaman on Friday, said food inflation surpassed 8 per cent at several points in FY25 (April-December) due to supply disruptions

RBI to cut rates to 6.25% in Feb, followed by one more cut next qtr: Poll

In its Feb 1 budget, the government is not expected to increase infrastructure spending, a main driver of growth in past years, leaving the onus on the RBI to revive the $4 trillion economy

WPI inflation rises to 2.37% in December, from 1.89% in November

WPI December 2024: WPI Food Index slightly decreased to 8.89% in December 2024 from 8.92% the month prior

India's $556 bn equity rout worsens amid growth, inflation concerns

The benchmark NSE Nifty 50 Index will likely drop at least 5 per cent in the three-months through March

Consumer inflation likely eased to 5.3% in Dec on modest food prices: Poll

Food prices, which make up nearly half of the country's consumer price index (CPI) basket, have kept inflation elevated in recent months, largely driven by a sustained surge in vegetable prices

India eyes robust growth in 2025, tackling inflation and global headwinds

India will have to navigate geopolitical headwinds, tame domestic inflation and nudge the private sector to further loosen their purse strings as the world's fastest-growing major economy seeks more purple patches in 2025, leaving behind September quarter growth blues. Economists at the Reserve Bank of India (RBI) say that high-frequency indicators for the third quarter of 2024-25 indicate the economy is recovering, driven by strong festival activity and a sustained upswing in rural demand. In what has been described as a "temporary blip" by Union Finance Minister Nirmala Sitharaman, the country's economic growth slid to a seven-quarter low of 5.4 per cent in the July-September period after clipping a healthy rate of 7-8 per cent. With the growth versus inflation debate leaving the finance ministry and RBI on different pages, all eyes will also be on possible interest rate cuts in February when the central bank's monetary policy panel meets for the first time under the new Governor

Congress attacks Modi govt over rising food prices, spiraling inflation

The Congress on Monday took a swipe at the Modi government over "rising" prices of food items, saying the bullet train announced by it has not arrived but the inflation, which is spiralling upwards faster than the speed of a bullet train, has broken the back of the common person. Congress general secretary in-charge communications Jairam Ramesh said the people want answers not more "jumlabaazi (rhetoric)". He shared a media report on X which claimed that the rates of daily essential goods are increasing day by day and in the last one year, the prices of flour, oil, spices and dry fruits have increased by one and a half to two times. "The bullet train announced by the Modi government has not arrived, but the inflation, which is spiralling upwards faster than the speed of a bullet train, has broken the back of the common person," Ramesh said in his post in Hindi on X. "Inflation has doubled and tripled in the last ten and a half years. Vegetables, flour, oil, spices and everyday item

Impact of digitalisation on inflation needs close monitoring: DG Patra

Patra highlighted that digitalisation can be regarded as a long-term technology shock impacting economic growth, productivity, labour markets, older technologies, and inflation