June 29, 2022 02:10 (IST)
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Timely govt interventions led to decline in edible oil prices, more price cuts likely: Centre

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.

India at low risk of stagflation owing to prudent policies: Finance Ministry

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.

Financial markets slide amid fears of global recession

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.

US Federal Reserve raises target interest rate by 75 bps, highest since 1994

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.

'CPI may have already peaked; Fed can borrow RBI template to control rampaging US inflation': SBI research report

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.

Fed on way to bigger action as inflation soars in US

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.

Peak repo rate seen at 5.5-5.75%, above pre-pandemic level by August; MSP hike for Kharif crops to increase inflation by 15-20 bps: SBI report

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.

Bank of Canada likely to raise interest rates to battle rising inflation

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 pc of inflation increase due to war impact: SBI report

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.

Global supplies and logistical bottlenecks have impacted prices in India: Rajnath Singh

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 .

SBI likely to raise $2 billion via dollar bonds

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.

Inflation, volatility in energy markets dampening growth momentum, says FM Sitharaman in G20 meeting

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.

SBI Ecowarp report: First rate hike likely in June policy meet; Cumulative 75 basis points expected through the cycle

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.

CPI inflation moves up to touch 17-month high figure of 6.95 pct in March

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.

Experts laud RBI's move to address inflationary pressures while balancing growth

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.