Inflation pressure, if unchecked, could undermine prospects of real economy
Economic affairs secy refuses to comment on rate cut, saying 'that's a monetary policy action'
Rupee depreciated by 7.8 per cent during FY23 and by 1.4 per cent in FY24. And so far in FY25, it has depreciated by 1.5 per cent
The increase was the biggest month-to-month rise in the annual CPI rate since October 2022
Higher inflation and lower purchasing by consumers, it seems, has taken a bite out of consumption-related stocks at the bourses, with most counters losing ground in the last few months
The ECB cut rates for the third time this year in October and made clear that further easing is coming given a weak economy and diminishing price pressures
Inflation hit a 14-mth high of 6.2% in Oct, breaching MPC's upper tolerance band
The consumer price index rose 0.2% for the fourth straight month, the Labor Department said on Wednesday. In the 12 months through October
S&P Global Ratings on Wednesday said supply capacity in India is continuing to expand pretty quickly which will help contain inflationary pressure. S&P Senior Economist Asia Pacific Vishrut Rana said the central bank's monetary policy and inflation target remains credible and the Reserve Bank of India (RBI) should be able to anchor inflationary expectations. "That remains a manageable challenge," he said. India's retail inflation soared to a 14-month high of 6.21 per cent in October --above the RBI's tolerance band, mainly on account of rising food prices. It was 5.49 per cent in September. "... As long as economies' supplies capacity continues to expand pretty quickly which is happening in India at the moment with emphasis on manufacturing infrastructure, etc, we expect inflationary pressure should be contained," Rana said at the Asia-Pacific Credit Outlook 2025 conference. The RBI, which is mandated by the government to contain inflation at 4 per cent (+/- 2 per cent) has ...
Retail inflation breaches RBI's 6% threshold
Issuing a stark warning on the massive economic toll of climate change, UN Climate Change chief Simon Stiell on Tuesday said its worsening impacts will put inflation on steroids and urged nations to take more decisive action. Stiell, the executive secretary of the United Nations Convention on Climate Change (UNFCCC), also criticised the tendency to sideline climate action in national policies, calling it a recipe for disaster. Addressing the World Leaders Climate Action Summit at the annual UN Climate Change conference -- COP29 here, he characterised the climate crisis as an economy-killer with impacts already draining up to 5 per cent of GDP in various countries. Highlighting the urgent need for bold policies, Stiell underscored how climate impacts have evolved from a distant concern to an immediate financial threat, and emphasised that worsening climate events are no longer just a future generations' issue. The climate crisis is a cost-of-living crisis, he said, pointing to how
The benchmark 10-year bond yield ended at 6.7958%, compared with the previous close of 6.7874%
BS BFSI Summit: While food inflation is a prominent factor in India's economic policy, global influences, particularly from the US Fed, cannot be overlooked, say economists at Business Standard summit
The Fed commenced tightening from mid-March 2022, with a 25 basis points (bps) increase in the policy rate. By June 2022, the policy rate in the US had jumped by 150 bps
Positives outweigh the negatives in India’s economy, though inflation upside risks are growing and the October print is expected to be “much higher” than the September data, according to Reserve Bank
The volatility in inflation still remains substantial and interest rates are not expected to come down, weighing on private capex
Consumers have been indulging in festive snacking and gifting for Diwali, encouraged by companies offering affordable gift packs and food hampers despite inflation concerns
Amid shifting retail dynamics driven by India's quick commerce boom, premium products are moving off shelves faster across all channels
In inflation-averse Indian polity, people complain about high inflation and high prices all the time. Thus, there may also be handsome electoral dividends from low inflation
The inflation rate stood at 4.6 per cent in the first half of FY25, down from 5.5 per cent during the same period last year