Page 76 - Inflation

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

Australian shoppers shift to cheaper goods amid multi-decade high inflation

Woolworths' biggest competitor, Coles, painted a similar picture in their end-of-year results

Global bond inflows to emerging Asian markets signal shift in outlook

In August, global funds have poured $1.4 billion into Indonesia bonds in the first net addition in six months, while India has seen them loading up on rupee notes of $680 million

Sensex up 54 pts, Nifty holds 17,600; NDTV gains 5%, Adani Enterprises 4%

CLOSING BELL: Technically, shares of NDTV have rallied four-fold since December 2021, staging one of its biggest rally since 2007-08

Why urban families earning Rs 1L a month should be considered low income

Those who the govt thinks are rich are actually quite poor, and we need to rethink our notions of rich and poor for tax purposes

RBI aims to bring down inflation to 4% in two years: Shaktikanta Das

Central bank hopes to achieve its objectives without too much 'growth sacrifice', he says

Inflation, rates may hit $114-billion firm debts: Standard and Poor's

'Deterioration in credit profile may not lead to large-scale defaults even in stressed scenario'

Is India ahead of 'unacceptably and uncomfortably high' phase of inflation?

The state of the economy report authored by RBI staff said the fall in the inflation rate in July was a heartening development

Euro slumps to two-decade lows against dollar as energy crisis bites

China's yuan weakened to a two-year low, while sterling briefly touched its weakest since March 2020.

Weaker German, French economic data compound energy and euro woes

The S&P flash composite PMI, which tracks manufacturing and services, showed that a downturn in Germany, Europe's biggest economy, deepened in August due to high inflation and rising interest rates.

India bond yields up for fourth day in a row as inflation, US yields weigh

The benchmark 10-year government bond yield ended at 7.2811%. The yield has risen 9 basis points in last three sessions and had ended at 7.2702% on Monday.

Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%

CLOSING BELL: RIL, ICICI Bank, M&M, SBI, Bajaj twins, and Titan were the stocks that supported the indices

LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.5%

Mortgage lenders Bajaj Housing Finance and LIC Housing Finance on Monday announced a 0.50 per cent hike each in their lending rates. The revisions come amid a rising interest rates scenario, which has seen the RBI hiking its key lending rate by 1.40 per cent since May to tame inflation. Bajaj Housing Finance hiked its rate by 0.50 per cent, and the lowest priced product for the salaried and professional applicants will be 7.70 per cent now, as per an official statement. Despite the latest hike, the company claimed to be offering loans at competitive rates compared to most of its peers. LIC Housing Finance has increased its prime lending rate (LHPLR) by 0.50 per cent and the new interest rates on home loans will now start from 8 per cent as against 7.50 per cent previously. The company's chief executive and managing director Y Viswanatha Gowd said the RBI's decision to hike the repo rate by 0.50 per cent has caused "minimum fluctuation" in monthly instalments or tenure of home loan

Centre is playing 'CBI-ED'; busy toppling govts, tweets CM Kejriwal

Delhi Chief Minister Arvind Kejriwal on Monday attacked the Centre over a host of issues, including inflation and unemployment, and wondered how will the nation progress like this. Who will people talk to about their issues when these people are playing 'CBI-ED' and are busy toppling governments, he said. "Rupee is falling, people are troubled by inflation, unemployment is at a high -- these people are playing 'CBI-ED', and are busy toppling governments chosen by people and trading barbs the whole day. "Who do people talk to about their issues and whom should they go to? How will the nation progress like this?" he said in a tweet in Hindi. Delhi Deputy Chief Minister Manish Sisodia had on Sunday declared that the 2024 Lok Sabha polls will be a contest between Prime Minister Narendra Modi and the AAP chief. Sisodia had said people are looking at Kejriwal as an alternative to Modi since the former talks about issues affecting the common man.

Retail inflation for farm, rural workers rises to 6.6%, 6.82% in July

Retail inflation for farm and rural workers increased to 6.60 per cent and 6.82 per cent, respectively, in July mainly due to higher prices of certain food items. In June retail inflation for farm and rural workers stood at 6.43 per cent and 6.76 per cent respectively. "Point-to-point rate of inflation based on the CPI-AL (Consumer Price Index-Agricultural Labourers) and CPI-RL (Consumer Price Index-Rural Labourers) stood at 6.60 per cent and 6.82 per cent in July, 2022 compared to 6.43 per cent & 6.76 per cent respectively in June, 2022 and 3.92 per cent and 4.09 per cent respectively during the corresponding month (July 2021) of the previous year," a labour ministry statement said. Similarly, food inflation stood at 5.38 per cent & 5.44 per cent in July, 2022 compared to 5.09 per cent & 5.16 per cent respectively in June, 2022 and 2.66 per cent & 2.74 per cent respectively during the corresponding month of the previous year, it stated. The All-India Consumer Price ...

MPC minutes suggest further repo rate hikes to tackle rising inflation

Sequence of policy measures is expected to anchor inflation expectations, said Das

Finance ministry expects rural demand to recover as inflation softens

India's headline retail inflation for July came in at a five-month low of 6.71%, helped by easing global commodity prices and lower food prices domestically

India better placed on growth-inflation-external balance triangle: FinMin

India is better placed on the growth-inflation-external balance triangle for 2022-23 than it was two months ago, on the back of government policy response and the Reserve Bank's monetary policy actions, the finance ministry's monthly economic review said on Friday. On the price situation, the review said in absence of any further shocks, the downward movement of global commodity prices along with the RBI's monetary measures and the government's fiscal policies are expected to cap inflationary pressures in the coming months. Softening of inflationary pressures in India is further on the anvil as the prices of important raw materials such as iron ore, copper and tin that feed into the domestic manufacturing process, globally trended downwards in July 2022, it noted. Headline retail inflation eased to 6.7 per cent in July 2022 from 7.01 per cent in the previous month. Despite global headwinds, the IMF forecasts India's economy to grow at a robust rate of 7.4 per cent in 2022-23, the .

Retail Inflation 'unacceptably and uncomfortably' high: RBI Governor at MPC

RBI Governor Shaktikanta Das said the retail inflation is "unacceptably and uncomfortably" high and proposed the 50 basis points hike in repo rate at the recent monetary policy review meeting. The other members of the Monetary Policy Committee (MPC) had expressed similar views, according to the minutes of the meeting released by the Reserve Bank of India (RBI) on Friday. At its meeting from August 3 to 5, MPC decided to increase the benchmark lending rate by 50 basis points to 5.40 per cent with a view to tame inflation. The sequence of policy measures, Das said, "is expected to strengthen monetary policy credibility and anchor inflation expectations". "Our actions would continue to be calibrated, measured and nimble depending upon the unfolding dynamics of inflation and economic activity," he said. According to RBI Deputy Governor Michael Debabrata Patra, frontloading of monetary policy actions "can keep inflation expectations firmly anchored, re-align inflation with the target a

Turkish lira tumbles by 1% as central bank cuts key interest rate

Turkish consumers already struggle with high inflation and spiralling energy and food prices