New Delhi: The Indian consumers can expect to pay less for their edible oils as the wholesale prices and retail prices of vanaspati, soybean oil, sunflower oil and RBD palm olein have decreased over the week following government's intervention, the Ministry of Consumer Affairs, Food & Public Distribution said Wednesday.
Delhi: India has to deal with multiple near-term challenges like managing its fiscal deficit, sustaining economic growth, reining in inflation and containing the current account deficit, and at the same time ensuring a fair value of its currency, the finance ministry said in its monthly economic report on Monday.
Stock market indexes across the world have gone through massive ups and downs since Russia declared war on Ukraine. But Friday, the stocks across the world suffered the biggest fall as the investors feared tighter monetary policy by the inflation-fighting central banks across the world could impair economic growth.
Wahington: America's central bank Federal Reserve Wednesday increased its target interest rate by three-quarters of a percentage point, and signaled more hikes in the coming months to stem the biting inflation.
Mumbai: After rising to a 95-month (almost 8 years) high to 7.79 percent in Apr’22, CPI inflation moderated to 7.04% in May’22 due to broad-based deceleration. Core CPI also moderated in May to 6.09% as compared to 6.97% in Apr’22, State Bank of India’s Economic Research Department said Monday.
Washington: Amid soaring inflation, the US Federal Reserve is likely to hike key policy rates to help mitigate price increases that are showing no signs of cooling, media reports said.
Mumbai: As widely expected, RBI’s Monetary Policy Committee unanimously decided to increase the policy Repo rate by 50 bps to 4.90% while also remaining focused on ‘withdrawal of accommodation’ to ensure that inflation remains within the target going forward, all the while supporting growth. RBI has retained its real GDP growth forecast for FY23 at 7.2% with risks broadly balanced.
Ottawa: Experts believe that Bank of Canada might announce another interest rate hike as it is trying to rein in runaway inflation.
At least 59 percent of the increase in inflation is because of geopolitical conflict. Against the continued increase in inflation, it is now almost certain that RBI will raise rates in the forthcoming June and August policy and will take it to the pre-pandemic level of 5.15 percent by August.
Lucknow/UNI: Defence Minister Rajnath Singh on Saturday said that Russia-Ukraine conflict has affected the global supplies and has created a logistical bottleneck which has impacted the prices of commodities and as a result core inflation has increased slightly .
Mumbai: India's largest sector lender SBI Wednesday said it is holding a meeting on May 10 to discuss raising up to $2 billion via US-dollar-denominated bonds.
New Delhi/Washington/UNI: Participating in the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Washington on Thursday, Finance Minister Nirmala Sitharaman said that the global growth momentum is dampened by prolonged inflation, supply chain disruption, volatility in energy markets and investor uncertainty.
New Delhi: CPI inflation surged to 6.95% on yearly basis in Mar’22 as compared to 6.07% in Feb’22 mainly on account of food price inflation.
New Delhi: India's retail inflation jumped to a 17-month high figure of 6.95 percent in March from 6.07 percent in February, as per government data released on Tuesday.
Mumbai: The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at four percent for the 11th time in a row as it continues to maintain its accommodative stance in the backdrop of rising inflation.