December 09, 2022 00:03 (IST)
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'Need PM and centre's blessing': Arvind Kejriwal after winning MCD polls | India could soon experience heat waves that could break human survivability limit: World Bank report | Arvind Kejriwal reacts to exit polls claiming BJP sweeping Gujarat | PM Modi chairs all-party meet over India's G20 presidency | 'Cocaine started coming into India': Nirmala Sitharaman warns officers, asks to up vigil

RBI raises repo rate by 35 bps, lowers GDP growth forecast to 6.8%

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 RBI Gov Raghuram Rajan says central bankers should gear up for low inflation: Report

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.

India's forex reserves register biggest weekly high in over a year, shows RBI data

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.

'RBI committed to bringing inflation down to 4 pc': Shaktikanta Das

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.

CEA supports gradual short-term fall in rupee

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.

Central banks across the world have a tough role ahead: Deepak Parekh

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.

Amid 40-yr-high inflation, UK's new PM Rishi Sunak vows to confront 'profound economic crisis'

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.

India's annual rate of inflation based on all India Wholesale Price Index (WPI) number eases to 10.7 pct

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.

Yen plunges to lowest mark against dollar in over 2 decades

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.

RBI fails to contain inflation within mandated band as CPI inflation sores to 5 months high at 7.41 pc

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.

India's retail inflation jumps up to touch 7.41 percent in September, highest since April

New Delhi: India's retail inflation touched  7.41 percent in September, as per government data released on Wednesday.

US markets sink on unexpectedly high inflation

Washington/UNI: Inflation in the United States remained unexpectedly high in August, hitting Wall Street like never before in more than two years.

India's wholesale price index eases to 12.41 pc in August

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.

India's retail inflation spikes to touch 7 percent

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 follow downward trajectory in India: Shaktikanta Das

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.