India's wholesale price inflation touches 3.59 percent in October
New Delhi, Nov 14 (IBNS): India's annual rate of inflation based on wholesale prices has moved up in October to touch 3.59 percent, official data released on Tuesday said.
Wholesale inflation drops to 2.6% in September
Mumbai, Oct 16 (IBNS): Wholesale inflation dropped to 2.60% in September, government data released on Monday said.
Inflation is expected to rise from its current level, range between 4.2-4.6 per cent says RBI
Mumbai, Oct 4 (IBNS): In its Fourth Bi-monthly Monetary Policy Statement, 2017-18, on Wednesday, the Monetary Policy Committee (MPC) of Reserve Bank of India decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent on the basis of an assessment of the current and evolving macroeconomic situation .
Retail inflation moves up to 3.36 percent in August
New Delhi, Sept 12 (IBNS): India’s annual consumer inflation reached 3.36 percent in August.
Inflation outlook to stay muted for more months: ASSOCHAM
New Delhi, July 17 (IBNS): With the country set to reap a record foodgrains production and the industry not enjoying any pricing power, the inflation outlook remains quite muted at least till festival season of Durga Puja and Diwali, an ASSOCHAM analysis has suggested.
Record inflation augurs perfectly well for GST launch: ASSOCHAM
New Delhi, July 3 (IBNS): With retail prices growing by the slowest pace in the last four years by mere 2.18 per cent, it is the perfect time for the launch of the Goods and Services Tax (GST), from inflation point of view, as this particular macro fundamental is placed at an ideal position for the roll out of the country’s most ambitious tax reform, the ASSOCHAM has said.
April wholesale inflation increases 3.85 pct
New Delhi, May 12 (IBNS): India's wholesale inflation or Wholesale Price Index (WPPI) for April increased by 3.85 percent for the dame month last year, government data released on Friday said.
India's Wholesale Price inflation sees a sharp rise in February
New Delhi, Mar 14 (IBNS): February wholesale price inflation rose sharply to 6.55 per cent, from 5.25 per cent in the previous month, reported the Ministry of Commerce & Industry on Tuesday.
Indian benchmark indices end lower on Tuesday
Mumbai, Feb 14 (IBNS): The Indian market drew to a lacklustre close on Tuesday with BSE Sensex down 12.31 points at 28339.31 and NSE Nifty down 12.75 points at 8792.30.
RBI cites inflation and global uncertainty for keeping rates unchanged
Mumbai, Feb 8 (IBNS): The Reserve Bank of India (RBI) kept its repo rate, the rate at which RBI lends money to commercial banks, unchanged at 6.25 per cent, at its monetary policy meeting on Wednesday.
Mumbai, Jan 16 (IBNS): The Indian market closed positive on Monday, with BSE Sensex up 50.11 points at 27288.17 and NSE Nifty up 12.45 points at 8412.80.
CPI-based inflation touches 4.2% in October
New Delhi, Nov 15 (IBNS): The consumer price index-based inflation of India moved down at 4.2 percent in October, official data released on Tuesday said.
WPI-based annual inflation eases to 3.57 per cent in September
New Delhi, Oct 14 (IBNS): The Union Ministry of Commerce & Industry, on Friday, published the official Wholesale Price Index for ‘All Commodities’ (Base: 2004-05=100) for September, 2016, which declined by 0.2 percent to 182.8 (provisional) from 183.1 (provisional) for the previous month.
Raghuram Rajan warns of inflation risks during the third Bi-monthly Monetary Policy Statement
Mumbai, Aug 9 (IBNS): In the last monetary policy presentation of his term, the Third Bi-monthly Monetary Policy Statement, 2016-17, Reserve Bank of India Governor Raghuram Rajan said on Tuesday that inflation projections as given in the June bi-monthly statement, i.e. of a central trajectory towards 5 per cent by March 2017 with risks tilted to the upside are retained and that In view of this configuration of risks, it is appropriate for the Reserve Bank to keep the policy repo rate unchanged at this juncture, while awaiting space for policy action.
Raghuram Rajan says monetary policy committee a momentous step to fight against inflation
Mumbai, June 20 (IBNS) RBI Governor Raghuram Rajan on Monday said setting up of the independent monetary policy committee (MPC) as a 'momentous step' taken by the government to fight against inflation.