Powered by: Motilal Oswal
16/04/2021 11:13:29 AM | Source: Angel Broking Ltd
India`s WPI Inflation YoY surged to 7.39 percent in the month of March`21 By Heena Naik, Angel Broking
News By Tags | #5948 #2767 #607
India`s WPI Inflation YoY surged to 7.39 percent in the month of March`21 By Heena Naik, Angel Broking

Below are Views On India’s WPI Inflation YoY surged to 7.39 percent in the month of March’21 By Heena Naik, Research Analyst - Currency, Angel Broking Ltd

* India’s WPI Inflation YoY surged to 7.39 percent in the month of March’21 from the previous month’s 4.17 percent on rising crude oil and metal prices.

 

* India's trade deficit in goods widened to $13.93 billion in the month of March’21 from the previous month’s $12.62 billion. 

 

* Exports rose to $34.45 billion from $27.90 billion, while imports grew up to $48.38 billion from $40.54 billion.

 

* China's economy expanded by 18.3 percent similar to its expected levels and higher than the previous one. This recovery was mainly due to global vaccination progress, resilient exports and government stimulus.

 

* The outcome of the first tranche of the RBI's bond-purchase programme disappointed traders as RBI bought lesser than the expectations which led to the benchmark 10-year bond yield elevating to its highest level in a week. 

 

* US President Joe Biden and Japanese Prime Minister Yoshihide Suga are expected to present a united front on Taiwan, China's most sensitive territorial issue, in a summit meeting that is to be held today.

 

* The Cleveland Federal Reserve Bank President Loretta Mester stated that the US economy still had a long way to go to fully recover from the crisis caused by the coronavirus pandemic but the outlook was seen improving.

 

* US retail sales rose by the most in 10 months in March’21 as Americans received additional pandemic relief checks from the government.

 

* US imposed sanctions on Russia due to its interfering in last year’s U.S. election, cyber hacking, bullying Ukraine and other alleged malign actions. 

 

* In retaliation, the Russian Foreign Ministry warned that a series of retaliatory measures would follow soon.

 

Above views are of the author and not of the website kindly read disclaimer
 

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here