Page 75 - Inflation

Sri Lanka's economy continues to deteriorate, inflation rate spikes in July

The economic situation has continued to deteriorate in Sri Lanka, with the headline inflation rate spiking to another record high in July, World Food Programme (WFP) said on Tuesday

Oil prices slip as inflation woes outweigh possible OPEC+ output cuts

IEA members nations could release more oil from strategic petroleum reserves (SPR) if they find it necessary when the current scheme expires, the head of the agency also said

Sensex slides 861 pts, Nifty holds 17,300; RIL slips 1% post 45th AGM

CLOSING BELL: Mukesh Ambani laid out succession plan with Akash Ambani championing telecom, Isha Ambani controlling Retail, and Anant Ambani joining new-energy vertical

Powell's Jackson Hole speech leaves crypto investors in a tough spot

The total crypto market cap fell below $1 trillion after staying above it for over a month. Bitcoin fell below $20,000, and Ethereum slipped below $1,500

Dollar hits 20-year high as Fed flags higher rates for longer period

The U.S dollar surged to a 20-year high against a basket of currencies on Monday after Federal Reserve Chair Jerome Powell signaled interest rates would be kept higher for longer

'Inflation fever' finally breaking but central banks won't stop rate hikes

As economic growth slows, prices for key raw materials - from oil to copper and wheat - have cooled in recent weeks, taking pressure off the cost of manufactured goods and food

Indian markets may feel the pinch of Fed chief's hawkish comments: Experts

Last week, the Sensex and the Nifty shed over 1 per cent but were still up nearly 15 per cent from their June lows

Indian equities likely to remain volatile after US Fed chair's speech

On Friday, Fed chair Jerome Powell signaled the US central bank is likely to keep hiking interest rates and keep them elevated to tame inflation.

US Fed chief Powell talks tough, warns of 'unusually high' rate hikes

Inflation is now their chief concern, and Powell's remarks at the symposium, hosted by the Kansas City Fed, set a tone likely to register on global markets

Not convinced of durable fall in inflation: RBI Deputy Guv Michael Patra

CPI inflation was at 6.7% in July, the first time in four months that the price gauge fell below 7%

Oil prices dip after US Fed chair Powell warns of economic pain ahead

Brent crude futures fell 1 cent to $99.33 a barrel by 1:13 p.m. EDT (1713 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 33 cents to $92.19 a barrel.

Rupee rises by 8 paise to 79.84 on weak dollar ahead of Fed chair speech

The rupee appreciated by 8 paise to close at 79.84 against the US dollar on Friday, supported by a weak dollar in the overseas markets and a positive trend in domestic equities. However, higher crude prices in the international markets restricted the rupee's gain, forex dealers said. At the interbank forex market, the local unit opened at 79.87 against the greenback. It witnessed an intra-day high of 79.81 and a low of 79.94 against the American currency during the session. It finally ended at 79.84 against the US dollar, up 8 paise from its previous close of 79.92. "Rupee continued to consolidate in a narrow range ahead of the Jackson Hole symposium. Dollar weakened against its major crosses after the GDP number released from the US came in line with expectation," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. Market participants remained cautious as they waited for a speech by the Federal Reserve chairman. "The Fed Chairman's speech in Jackson

Dollar index volatile after Fed's Jerome Powell comments on inflation

Powell struck a hawkish tone, as was widely expected, and said that the Fed's overarching focus is to bring price pressures back down to the Fed's target of 2%.

Focusing on inflation to make central banks' job easier: Raghuram Rajan

He said issues such as climate change and employment are peripheral to the central bank mandate and could be better dealt with direct polices.

Crypto wrap: Expect high volatility as inflation still a worry, say experts

Volatility in the crypto market comes at a time when the share markets too were showing high volatility, globally

Centre restricts wheat flour exports to stabilise soaring local prices

India's cabinet approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement

Despite 22% jump in 3 months, analysts see more upside in Nifty PSB index

Among individual shares, Bank of Baroda, Canara Bank, State Bank of India, Indian Bank, and Union Bank of India soared between 21 per cent and 34 per cent during the period

Indian job market unfazed by inflation, hiring up 29% in Q1: Report

The job market in the country remained unfazed by inflation in the first quarter as most companies believed that it is not going to change hiring and salary of their employees, according to a report. Despite fears of inflation, most jobseekers are not adversely affected by inflation as far as their livelihood and expenses are concerned, with six in 10 jobseekers saying they are not affected much, the quarterly hiring tracker by global job site Indeed revealed. In line with the employee sentiment, 89 per cent of employers interviewed said inflation will not change the way companies hire and pay employees, it added. The Indeed Hiring Tracker of Q1, FY23, is based on a survey of 1,229 employers and 1,508 employees during April-June 2022. Indeed's hiring tracker also indicated a positive job momentum growth with employers increasing hiring by 29 per cent in April-June 2022 compared to a 20 per cent increase in the previous quarter. The findings further revealed that 37 per cent of all

Sony increases PS5 price in select countries amid high inflation rates

Japanese tech giant Sony on Thursday said that it is increasing the price of Play Station 5 (PS5) in select markets due to the global economic environment, including high inflation rates

Sensex tanks 709 pts from day's high, ends 311 pts down; Nifty holds 17,500

F&O Expiry: 25 of the 30 Sensex constituents and 34 of the 50 Nifty constituents ended in the negative territory including Adani Ports, Bajaj Finance, IndusInd Bank, Infosys, TCS, Axis Bank, and HDFC