RBI Governor Sanjay Malhotra emphasised to remain watchful and wary about the generalisation of inflation in the coming months, while voting for status quo on interest rates earlier this month, according to MPC minutes. The Reserve Bank of India (RBI) on Friday released the minutes of meeting of the Monetary Policy Committee (MPC) held during June 3-5. Other five members of the panel too voted for keeping the benchmark interest interest rate unchanged. The RBI kept the repo rate unchanged at 5.25 per cent and also announced a raft of measures to attract foreign capital and support the rupee amid growing risks to growth and inflation from the prolonged West Asia conflict. Malhotra opined that there was high uncertainty in the assumptions made for projections of both inflation and growth on account of several reasons the duration of the conflict and the disruption in supply chains, the intensity and geographical spread of monsoon and its impact on energy, food and other commodity ..
India's macro picture stayed broadly resilient this week, but higher fuel and food prices, global uncertainty, and policy adjustments kept pressure on households and companies
Retail inflation accelerated to 3.93 per cent in May, nearing the RBI's target, as higher food and transport costs offset the favourable base effect
Food inflation rose to 4.78 per cent in May, pushing up overall price pressures; rural inflation accelerated to 4.25 per cent, remaining above urban inflation at 3.53 per cent
India's policy calendar this week will be driven by a high-level EU visit, inflation data and key indicators on banking liquidity and external sector stability
The duration of the Strait of Hormuz disruption remains the 'single most consequential variable' for India's external and price outlook, the report said
Having witnessed a prolonged period of benign inflation in the last decade, we should have expected FMCG companies to witness great volume growth, if not value. However, the opposite has been true
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Sharp rise in fuel and energy prices amid the West Asia crisis pushes wholesale inflation to its highest level since October 2022
Retail inflation inched up to 3.48% in April as food prices rose further, while experts warned of indirect pressure from higher global energy costs and a potentially weak monsoon
Food inflation, measured by the All India Consumer Food Price Index (CFPI), rose to 4.20 per cent in April from 3.87 per cent in March.
India's policy focus this week will be on retail and wholesale inflation data, along with India-Oman trade talks
India's retail inflation rose to 3.4% in March, driven by higher food and fuel prices, with economists warning of further upside risks amid global uncertainties
Data showed rural inflation at 3.63 per cent, while urban inflation remained lower at 3.11 per cent
The government on Wednesday asked the Reserve Bank to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side for another five years ending March 2031. To control the price rise, the government in 2016 gave a mandate to the RBI to keep the retail inflation at 4 per cent with a margin of 2 per cent on either side for five years ending March 31, 2021. Subsequently, in March 2021, the government maintained the same target. This is the second time the government has retained the inflation target. The central government, in consultation with the Reserve Bank, hereby notifies the inflation target for the period beginning April 1, 2026, and ending on March 31, 2031, a gazette notification issued by the Department of Economic Affairs dated March 25 said. According to the notification, the inflation target is 4 per cent with an upper tolerance level of 6 per cent and a lower tolerance level of 2 per cent. India adopted the inflation-targeting framework and formall
India's retail inflation rose to an 11-month high of 3.21% in February as food prices and precious metals gained
CPI inflation increased by 47 basis points year-on-year in February, data showed
Food deflation and bullion-led inflation offset each other in January, but net impact of top items lifted retail inflation to 2.75% from 1.33% in December
Sensex Today | Stock Market Close Highlights, Feb 13: In the broader markets, the Nifty MidCap index slipped 1.71 per cent, and the Nifty SmallCap index fell 1.79 per cent