RBI keeps repo rate unchanged: Here’s what the banking and finance industry has to say
Mumbai: As expected, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), after three days of deliberation, on Thursday kept the repo rate unchanged at 6.5%.
India's wholesale inflation slips into negative territory in April
New Delhi/UNI: India's Wholesale Price Index (WPI) based inflation fell into the negative zone in April 2023.
US Federal Reserve hikes policy rate by 25 bps
The United States Federal Reserve has increased the policy rate by 25 basis points, resulting in a new range of 4.75% to 5%.
India's wholesale inflation dips to 3.85 pc in February
New Delhi: India's wholesale inflation dipped to 3.85 percent in the month of February against 4.73 percent recorded in January, official data released on Tuesday revealed.
India's retail inflation drops marginally to 6.4 pct in February
New Delhi: India's annual retail inflation rate eased marginally to touch 6.44 per cent in February from 6.52 per cent in January, as per data released by the Indian government on Monday.
Pakistan govt hikes fuel prices to historic high
Islamabad: Pakistan on Thursday raised the fuel prices to a historic high in a bid to meet the conditions set by the International Monetary Fund (IMF) to release a tranche of a bailout package, media reports said.
Pakistan likely to reel under very high inflation in the H1 of 2023
There seems to be no respite for Pakistan at least in the near future as the country’s economy is likely to reel under very high inflation for quite some time.
India’s WPI inflation eases to 4.73 pc
New Delhi: The Wholesale Price Index (WPI)-based inflation eased to 4.73 percent in January on an annual basis, data shared by the Ministry of Commerce showed on Tuesday.
RBI hikes repo rate by 25 bps to 6.5 %, pegs FY24 inflation at 5.6%: Experts react
Mumbai/IBNS: The Reserve Bank of India on Wednesday hiked the repo rate by 25 basis points to 6.50 percent in line with the expectations of the experts. However, it didn’t indicate an end to tightening its stance contrary to the market expectations.
Bank of England raises interest rate by 50 bps to 4 pc; warns more hikes in the future
London: Bank of England raised interest rate by 50 basis points to 4 percent, the 10th increase since UK’s central bank started hiking in December 2021, bringing the key rate to its highest since 2008, Bloomberg reported.
Global economy likely to shrink but worst may be over: RBI Governor
New Delhi/IBNS: The global economy is likely to shrink significantly this year but the worst—both in terms of growth and inflation—appears to be over, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday, media reports said.
Wholesale inflation eases to 4.95 pct
New Delhi: The wholesale price-based inflation moved down by 4.95 percent in the month of December, as per official data released by the government on Monday.
Sharp, long-lasting slowdown to hit developing countries hard: World Bank
Washington: Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report.
India's wholesale inflation drops to 5.85% in November
New Delhi/UNI: India's wholesale inflation eased further to 5.85% in Nov 2022 as against 8.39% recorded in the previous month, according to official data released on Wednesday.
India's retail inflation eases to 11-month low of 5.88 percent in November
New Delhi: India's retail inflation, which is measured by the Consumer Price Index (CPI), eased to touch 11-month low figure of 5.88 per cent in November, data released by the government on Monday revealed.