Food prices, which account for nearly half of the retail inflation, rose 5.66 per cent in August, compared with a 5.42 per cent climb in the previous month
The balance of risk around growth and inflation is shifting. Inflation risks are overstated, while emerging growth signals appear soft
Rural market 'bright spot' for consumer goods products, says consumer research firm
A total of 12 out of 23 states and UTs recorded inflation lower than the all-India figure of 5.1 per cent
If the war in the Israel-Gaza region escalates into a larger West Asian conflict, it could pose problems
The firm increased the face value of its investment in e-commerce firm Meesho in its books by 14.3 per cent to $43.24 million as of July, bringing the company's valuation to around $5.04 billion
Wholesale tomato prices crossed Rs 150 per kilogram in markets last week. A few weeks ago, tomatoes were being sold at Rs 15 to 20 per kg
UN retains CY23 forecast at 5.8%; investment, exports to remain weak
Predictions ranged from 4.40% to 5.80%, with respondents expecting inflation to remain below the RBI's 6.00% upper tolerance limit for the second consecutive month
The real issue may be that the RBI does not really subscribe to the mandate it has been given, and the govt, in a pre-election year, quietly supports such agnosticism, writes T N Ninan
Additionally, for FDs maturing between two and three years, the interest rates have been increased by 25 bps to 7% from 6.75%
The Reserve Bank's decision to hike repo rate by 25 basis points was on expected lines but the policy focuses more on inflation despite the recent moderation in the number, bankers said on Wednesday. "Repo hike of 25 basis points is on the expected lines. Evidently, the policy is focused more on managing inflation, even though the recent retail inflation readings are showing signs of moderation," industry lobby Indian Banks Association's Chairman A K Goel, who also heads state-owned Punjab National Bank, said in a statement. It can be noted that the last two readings of the headline inflation have come within the upper tolerance band of the central bank and some analysts, including in-house economists at the country's largest lender SBI were expecting a pause on rate hike. With the latest hike, the repo rate is at 6.50 per cent. SBI Chairman Dinesh Khara said the continuing strength in US job data has made monetary policy making into a delicate balancing act for emerging economies
What does 2023 have in store for Indian markets and economy? What are the five things that will impact you in 2023? Where is the National Monetisation Pipeline headed? What is a census? Answers here
The meeting took place at a time when external demand is waning as exporters are facing global headwinds of high inflation, currency depreciation and geopolitical tensions
Central banks around the world are raising rates to suck liquidity and bring down the soaring inflation. Banks too are passing on the rates. Find out where should you park your hard-earned money
I think we can bring inflation down to 5 per cent in a couple of quarters, says MPC member Varma
India relative bright spot in the world; 6.8 per cent growth rate 'really a good number': Senior executive
The MPC is of the view that further calibrated monetary policy action is warranted to keep inflation expectations anchored
Consumer price-led inflation is expected to gradually decelerate after September, helped by a fall in commodity prices and easing food inflation, analysts said
The next annual budget of India will have to be very carefully structured to sustain the country's growth momentum, Union Finance Minister Nirmala Sitharaman said on Tuesday, noting that it will also address inflation concerns. Visiting Washington DC to attend the annual meeting of the International Monetary Fund and the World Bank, the finance minister was responding to a question on the next year's budget at a fire-side chat with eminent economist Eshwar Prasad at the prestigious Brookings Institute. Specifics (of the next budget) may be difficult at this stage because it's a bit too early. But broadly, the growth priorities will be kept absolutely on the top. Even as I speak about the concerns that inflation brings before me. So, inflation concerns will have to be addressed. But then how would you manage growth would be the natural question, Sitharaman said. India's next annual budget is scheduled to be presented by Sitharaman before the Parliament next February and preparations