Mumbai/UNI: The Reserve Bank of India (RBI) on Wednesday raised policy repo rate by 35 basis points (bps) to contain inflation which has been above its tolerance level.
Former Reserve Bank governor Raghuram Rajan Friday warned that the global economy could go back to a low inflation regime and central bankers implementing restrictive monetary policies should keep that in mind, according to a Bloomberg report.
Mumbai: India's foreign exchange reserves shot up to the highest level during the week ended November 11 in the biggest weekly jump recorded in over a year.
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das Saturday said there is no need to increase the inflation target from 2 to 3 percent even as the Central bank has failed to keep it below the 6 percent upper tolerance level for nine consecutive months, according to media reports.
Mumbai/IBNS: Chief Economic Adviser (CEA) to India V. Anantha Nageswaran said the central bank should allow the rupee to fall gradually and use its foreign exchange reserves judiciously.
Kolkata/IBNS: Global growth which was 6.1 percent last year is estimated to fall by half to 3.2 percent in 2022, said HDFC Chairman Deepak Parekh.
Rishi Sunak, the former chancellor of the UK's treasury has become the country's Prime Minister after Liz Truss quit the role in just 45 days as 40-year-high inflation gripped the nation, dealing a blow to the households that have been already cutting down daily expenses, and now several even plan to stay away from Christmas shopping.
New Delhi: The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 10.7% (Provisional) for the month of September, 2022 (over September, 2021) against 12.41% recorded in August 2022, as per data released by the Ministry of External Affairs on Friday.
Japanese currency yen Thursday nosedived to the lowest level against the US dollar since 1990 after America's central bank, Federal Reserve, indicated aggressive measures to tighten its noose on inflationary pressures, said media reports.
Mumbai: RBI's measure to tighten interest rates with a hike in repo rate by 190 basis points in five consecutive months has failed to keep inflation under control as India's retail inflation accelerated to 7.41 percent in September, the fastest pace in five months, data released by the National Statistical Office (NSO) showed on Wednesday.
New Delhi: India's retail inflation touched 7.41 percent in September, as per government data released on Wednesday.
Washington/UNI: Inflation in the United States remained unexpectedly high in August, hitting Wall Street like never before in more than two years.
New Delhi: India's wholesale price index (WPI)-based inflation eased further to 12.41 per cent in August 2022 from 13.93 per cent in July, as per data released by the Commerce & Industry Ministry on Wednesday.
New Delhi: India's retail inflation spiked to touch 7 percent once again in August, as per data released by the Indian government on Monday.
Inflation is likely to go down in the coming months and the impact of high inflation is already past its peak, Reserve Bank of India Governor Shaktikanta Das said Friday.