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Rate cut may not materialise before last quarter of FY24 Given such uncertainty on the inflation front, the likelihood of an extended pause on interest rates has been reinforced, says Suman Chowdhury, Chief Economist, and Head- Research, Acuite Ratings & Research. “In our opinion, any possible rate cut may not materialize before the last quarter of FY24. The liquidity will be slightly tighter than expected in the near term due to the ICRR imposition and this may lead to some increase in short-term rates,” Chowdhury said. Clear...
Rate cut may not materialise before last quarter of FY24
Rate cut may not materialise before last quarter of FY24
Source: IANS
10/08/2023 2:11:41 PM
India's wholesale prices fell 3.48% in May  India's wholesale prices fell 3.48% year-on-year in May, government data showed on Wednesday. Economists polled by Reuters had estimated the wholesale price index for May to fall 2.35%. WPI for April fell 0.92%
India's wholesale prices fell 3.48% in May
India's wholesale prices fell 3.48% in May
Source: Reuters
14/06/2023 12:37:01 PM
India's retail inflation eases to 4.25% in May (June 12) India's annual retail inflation cooled to a more than two-year low of 4.25% in May as cost pressures on food eased, government data showed on Monday. A Reuters poll of 45 economists had predicted the consumer price index would rise 4.42% in May from a year earlier. COMMENTARY: MADAN SABNAVIS, CHIEF ECONOMIST, BANK OF BARODA, MUMBAI "Rural and urban inflation (were) almost the same which is quite unusual. States had a differential picture. Inflation in Bihar, Jharkhand, Ke...
India's retail inflation eases to 4.25% in May (June 12)
India's retail inflation eases to 4.25% in May (June 12)
Source: Reuters
13/06/2023 2:16:48 PM
Sticky inflation to nudge Reserve Bank of India to hike rates once more The Reserve Bank of India will increase its main interest rate by 25 basis points to 6.75% in April and then pause until the end of 2023, according to a Reuters poll of economists who also said risks were for the terminal rate to go even higher. Following higher-than-expected January inflation and after the central bank reiterated its tightening bias at its Feb. 8 meeting, economists lifted their forecast for the terminal rate from 6.50% expected in a January poll. Nearly two-thirds of ...
Sticky inflation to nudge Reserve Bank of India to hike rates once more
Sticky inflation to nudge Reserve Bank of India to hike rates once more
Source: Reuters
22/02/2023 10:49:11 AM
India`s FY24 growth to dip to 5.5% from 6.8% in FY23 - HSBC economist MUMBAI - India's economy is expected to grow 5.5% in the next financial year, a notch below the expected potential rate of 6%, as growth momentum in the country was slowing gradually, an economist at HSBC said on Thursday. The Indian economy grew 8.7% in year ended March 2022, and is expected to grow by 6.8% in the current financial year. A Reserve Bank of India survey of professional forecasters released in December had pegged growth at 6% in 2023/24. "While both expor...
India`s FY24 growth to dip to 5.5% from 6.8% in FY23 - HSBC economist
India`s FY24 growth to dip to 5.5% from 6.8% in FY23 - HSBC economist
Source: Reuters
5/01/2023 2:42:04 PM
GST collections in line with expectations, say economists GST collections for November 2022 showed a dip as they stood at Rs 1.46 lakh crore, down by 3.9 per cent compared to Rs 1.52 lakh crore collected in October 2022. However, compared to the collections of Rs 1.32 lakh crore in November 2021, they were higher by 11 per cent, government data revealed on Thursday. Despite the slide in GST collections in November, they have remained at more than Rs 1.40 lakh crore for nine months in a row now. Economists though see this in line with their exp...
GST collections in line with expectations, say economists
GST collections in line with expectations, say economists
Source: IANS
1/12/2022 8:00:39 PM
India's October retail inflation eases to 6.77% y/y India's annual retail inflation eased to 6.77% in October helped by slower rises in food prices and base effect, but remained above central bank's tolerance limit, strengthening views of lower rate hikes when it meets for policy review in December. Annual retail inflation in October was higher than the 6.73% forecast by economists in a Reuters poll, and below 7.41% the previous month, data released by the National Statistics Office on Monday showed. Food inflation, which account...
India's October retail inflation eases to 6.77% y/y
India's October retail inflation eases to 6.77% y/y
Source: Reuters
14/11/2022 7:12:33 PM
Gold steady as investors seek direction from U.S. inflation data Gold prices were little changed on Thursday as investors held back from placing big bets ahead of U.S. inflation data that may provide cues on further interest rate increases, with the outcome of U.S. midterm elections also on the radar. Spot gold was steady at $1,707.29 per ounce by 1124 GMT, while U.S. gold futures fell 0.2% to $1,710.70. "The uncertainty over the election outcome has offered some support to the safe-haven metal; on the other hand, CPI release is likely to provid...
Gold steady as investors seek direction from U.S. inflation data
Gold steady as investors seek direction from U.S. inflation data
Source: Reuters
10/11/2022 8:48:19 PM
IMF downgrades 2023 global growth forecast to 2.7% The International Monetary Fund (IMF) has projected the global economy to grow by 3.2 per cent in 2022 and 2.7 per cent in 2023, with a downward 0.2-percentage-point revision for 2023 from the July forecast, according to the latest World Economic Outlook (WEO) report. The global economy is experiencing "a number of turbulent challenges", as inflation higher than seen in several decades, tightening financial conditions in most regions, Russia-Ukraine conflict, and the lingering Co...
IMF downgrades 2023 global growth forecast to 2.7%
IMF downgrades 2023 global growth forecast to 2.7%
Source: IANS
12/10/2022 3:17:39 PM
Country’s internal market in a good position: Sanjeev Sanyal Member of the economic advisory council to the prime minister -- Sanjeev Sanyal has said that the country's internal market is in a good position and its macroeconomic stability is in a comfortable zone despite the ravage by the pandemic. He said that there has been an unprecedented crisis during the two-year-long pandemic and the Indian economy has emerged stronger after that. He mentioned ‘The policies adopted during the last two years have made the Indian economy emerge strong...
Country’s internal market in a good position: Sanjeev Sanyal
Country’s internal market in a good position: Sanjeev Sanyal
Source: Accord Fintech
20/06/2022 10:18:19 AM