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India`s economy in sweet spot with strong growth, inflation likely to ease: Moody`s India’s economy is in a "sweet spot" with strong growth and inflation expected to ease in the coming months, according to Moody’s Global Macro Outlook report released on Friday.  The global ratings agency has forecast 7.2 per cent growth for calendar year 2024, followed by 6.6 per cent in 2025, and 6.5 per cent in 2026.  It also expects the Indian economy to maintain its steady momentum in the July-September quarter after clocking a 6.7 per cent growth ra...
India`s economy in sweet spot with strong growth, inflation likely to ease: Moody`s
India`s economy in sweet spot with strong growth, inflation likely to ease: Moody`s
Source: IANS
2024-11-15 03:09:15 pm
Indian economy to touch $7 trillion mark by 2031 The Indian economy is expected to clock a medium-term growth of 6.7 per cent on average between fiscal 2025 and 2031, and touch the $7 trillion mark, according to a report by rating agency CRISIL. This would be similar to the 6.6 per cent growth seen in the pre-pandemic decade, driven by a capex push and surge in productivity. The report projects India's Gross Domestic Product (GDP) growth at 6.8 per cent during the current financial year as high interest rates and stricter lending ...
Indian economy to touch $7 trillion mark by 2031
Indian economy to touch $7 trillion mark by 2031
Source: IANS
2024-11-15 12:13:50 pm
Gold set for worst week in 3 years as US dollar rallies Gold prices steadied near the previous session's two-month lows on Friday and were poised for their worst weekly performance in over three years as a rallying U.S. dollar and expectations of less aggressive interest rate cuts by the Federal Reserve pressured the precious metal. Spot gold was little changed at $2,568.37 per ounce as of 1215 GMT. Prices have fallen more than 4% so far this week, touching their lowest since Sept. 12 on Thursday. U.S. gold futures were also flat at $2,573....
Gold set for worst week in 3 years as US dollar rallies
Gold set for worst week in 3 years as US dollar rallies
Source: Reuters
2024-11-15 10:27:25 am
Dollar headed for weekly gain on slower Fed easing, inflation outlook The dollar was set for its best week in more than a month on Friday, buoyed by expectations of fewer Federal Reserve rate cuts and the view that Donald Trump's policies could further stoke inflation when he assumes office in January. The greenback hovered near a one-year high against a basket of currencies at 106.81 and was eyeing a weekly gain of 1.76%, which would mark its best performance since September. Sterling was in turn on track for its steepest weekly fall since January 20...
Dollar headed for weekly gain on slower Fed easing, inflation outlook
Dollar headed for weekly gain on slower Fed easing, inflation outlook
Source: Reuters
2024-11-15 08:50:52 am
India`s Marico says urban consumption revival to take six months  Indian consumer goods maker Marico expects urban consumption will take at least six months to revive, its managing director told Reuters, signaling more pain for the sector from food inflation which has hit a 15-month high. With a market cap of $9.12 billion, Marico is best known for its iconic coconut oil brand "Parachute" and edible oil brand "Saffola", and competes with the likes of Hindustan Unilever and Nestle. India's annual inflation for food items, ...
India`s Marico says urban consumption revival to take six months
India`s Marico says urban consumption revival to take six months
Source: Reuters
2024-11-14 06:23:56 pm
India`s WPI inflation edges up to 2.36 pc in Oct India’s inflation rate, based on the Wholesale Price Index (WPI), rose to 2.36% in October this year, compared to the same month of the previous year on the back of higher food prices, figures released by the Commerce and Industry Ministry on Thursday showed.  Inflation in October has risen from 1.84 per cent in September, primarily due to an increase in prices of food articles which jumped by 13.57 per cent during the month as vegetables such as potatoes and onions turned costl...
India`s WPI inflation edges up to 2.36 pc in Oct
India`s WPI inflation edges up to 2.36 pc in Oct
Source: IANS
2024-11-14 04:37:51 pm
India trade minister says central bank should cut rates, look through food prices India's central bank should cut interest rates to boost economic growth and look through food price while deciding on monetary policy, the trade minister said, the first time a government minister has backed calls to re-examine the nation's inflation targeting framework. "I certainly believe they (central bank) should cut interest rates. Growth needs a further impetus," Piyush Goyal told news channel CNBC TV18 at an event in Mumbai on Thursday, adding it's an "ab...
India trade minister says central bank should cut rates, look through food prices
India trade minister says central bank should cut rates, look through food prices
Source: Reuters
2024-11-14 01:50:04 pm
India`s Oct wholesale inflation accelerates to four-month high India's wholesale price-based inflation accelerated to a four-month high of 2.36% year on year in October due to elevated food prices, government data released on Thursday showed. Inflation for October was higher than the 2.2% projected by economists in a Reuters poll, and up from 1.84% in September. Food prices rose 11.6% year on year, compared to a 9.5% gain in September, with vegetable prices soaring 63% on-year, compared to a 48.7% jump in September. Cereal prices rose 7.9% over la...
India`s Oct wholesale inflation accelerates to four-month high
India`s Oct wholesale inflation accelerates to four-month high
Source: Reuters
2024-11-14 12:51:22 pm
Rupee weakens against US dollar on Thursday Indian rupee marginally weakened against the US dollar on Thursday, pressured by strong dollar overseas after US inflation for October came in as expected and suggesting the Federal Reserve will continue lowering interest rates. Moreover, unabated foreign fund outflows and India’s inflation surge also dampened sentiments. Foreign Institutional Investors were net sellers in the capital markets on Wednesday, as they offloaded shares worth Rs 2,502.58 crore, exchange data showed. Meanwhile...
Rupee weakens against US dollar on Thursday
Rupee weakens against US dollar on Thursday
Source: Accord Fintech
2024-11-14 12:08:45 pm
Asia shares stumble; long-end US bond yields rise with dollar Asian stocks fell broadly on Thursday, while longer-dated U.S. bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world's largest economy. Bitcoin steadied above $90,000 after having surpassed that level in the previous session, turbocharged by Donald Trump's return to the White House and the view that his administration will be a boon for cryptocurrencies. The world's largest cryptocurrency last traded 1.6% higher at...
Asia shares stumble; long-end US bond yields rise with dollar
Asia shares stumble; long-end US bond yields rise with dollar
Source: Reuters
2024-11-14 09:04:25 am
Analysis-India`s middle class tightens its belt, squeezed by food inflation  India's city dwellers are cutting spending on everything from cookies to fast food as persistently high inflation squeezes middle class budgets, threatening the country's brisk economic growth. Slowing urban spending over the past three to four months has not only hurt the earnings of largest consumer goods firms, it has raised questions about the structural nature of India's long-term economic success. Since the end of the pandemic, India's economic growth has bee...
Analysis-India`s middle class tightens its belt, squeezed by food inflation
Analysis-India`s middle class tightens its belt, squeezed by food inflation
Source: Reuters
2024-11-13 02:50:23 pm
Retail inflation breaches RBI’s tolerance level, soars to 14-month high of 6.21% in October Breaching the Reserve Bank of India’s (RBI) upper tolerance level, India’s retail inflation based on Consumer Price Index (CPI) rose to a 14-month high of 6.21 percent in October 2024, as food inflation galloped on the back of rising vegetable prices. Inflation was 5.49 per cent in September and 4.87 percent in the year-ago month. Retail inflation trended below the RBI’s upper tolerance band of 6 percent since September last year. It was at 6.83 percent in August 2023. The R...
Retail inflation breaches RBI’s tolerance level, soars to 14-month high of 6.21% in October
Retail inflation breaches RBI’s tolerance level, soars to 14-month high of 6.21% in October
Source: Accord Fintech
2024-11-13 11:59:40 am
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs The U.S. dollar held near a 6-1/2-month peak against major peers and bitcoin was solidly poised just below record highs on Wednesday as markets sized up so-called Trump trades ahead of key U.S. inflation data later in the day. The dollar is reaping the benefits of Republican Donald Trump's victory in the U.S. presidential election last week, with investors pricing in policies of lower taxes and trade tariffs under the incoming administration that are seen as inflationary. [US/]. The...
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs
Source: Reuters
2024-11-13 10:24:20 am
India`s retail inflation surges to 14-month high in October as vegetable prices soar India's retail inflation surged to a 14-month high in October, driven by a jump in vegetable prices and dashing hopes of an interest rate cut by the central bank next month. The annual retail inflation of 6.21% in October breached the central bank's tolerance band for the first time in more than a year, and was higher than the estimate of 5.81% in a Reuters poll, government data released on Tuesday showed. The Reserve Bank of India (RBI) is mandated to keep inflation in a range ...
India`s retail inflation surges to 14-month high in October as vegetable prices soar
India`s retail inflation surges to 14-month high in October as vegetable prices soar
Source: Reuters
2024-11-13 10:12:38 am
Gold drifts higher amid bargain hunting ahead of US inflation data Gold prices edged up on Wednesday as investors sought bargains after steep declines in the previous session, while the spotlight shifted to U.S. inflation data, which could shed more light on the Federal Reserve's path for monetary policy. Spot gold firmed 0.4% to $2,606.42 per ounce by 0733 GMT, after hitting its lowest since Sept. 20 on Tuesday. U.S. gold futures rose 0.2% at $2,612.30. "There is currently some bargain hunting as prices fell below the $2,600 mark," said ...
Gold drifts higher amid bargain hunting ahead of US inflation data
Gold drifts higher amid bargain hunting ahead of US inflation data
Source: Reuters
2024-11-13 09:06:58 am
Mild relief for rupee on slight recovery in Asia before US inflation data The Indian rupee is likely to inch up at the open on Wednesday on the back of a mild uptick in its Asian peers before U.S. inflation data that will hold cues on what the Federal Reserve will do at its next meeting. The 1-month non-deliverable forward indicated that the rupee will open at 84.38-84.3850 to the U.S. dollar, compared with 84.3925 in the previous session. The currency dipped to an all-time low of 84.4125 on Tuesday. Donald Trump's victory in the U.S. election has spur...
Mild relief for rupee on slight recovery in Asia before US inflation data
Mild relief for rupee on slight recovery in Asia before US inflation data
Source: Reuters
2024-11-13 08:53:33 am
Rupee weakens against US dollar on Tuesday Indian rupee weakened against the US dollar on Tuesday amid strength of the American currency at overseas market after markets bet that inflationary policies under Donald Trump will keep interest rates high in the long term, while investors are awaiting key US inflation reading later in the week for directional cues. Moreover, persistent foreign fund outflows also weighed on domestic currency. Foreign Institutional Investors were net sellers in the capital markets on Monday, as they offloaded...
Rupee weakens against US dollar on Tuesday
Rupee weakens against US dollar on Tuesday
Source: Accord Fintech
2024-11-12 12:04:48 pm
India inflation to rise further to 5.81% on rising food costs Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Food prices, which make up nearly half of the inflation basket, likely increased at a faster pace last month. Tomatoes, a key ingredient in every Indian kitchen, are expected to have surged by double digits in price as uneven rains disrupted prod...
India inflation to rise further to 5.81% on rising food costs
India inflation to rise further to 5.81% on rising food costs
Source: Reuters
2024-11-11 05:28:44 pm
India inflation to rise further to 5.81% on rising food costs Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Food prices, which make up nearly half of the inflation basket, likely increased at a faster pace last month. Tomatoes, a key ingredient in every Indian kitchen, are expected to have surged by double digits in price as uneven rains disrupted prod...
India inflation to rise further to 5.81% on rising food costs
India inflation to rise further to 5.81% on rising food costs
Source: Reuters
2024-11-11 09:08:02 am
Dollar underpinned before US inflation data, Fed speakers The dollar edged higher on Monday as markets braced for U.S. inflation data and a throng of Federal Reserve speakers this week, while the yuan nursed a hangover from Beijing's latest underwhelming stimulus package. Highlighting the bleak background in China, data out over the weekend showed consumer prices rose at the slowest pace in four months in October, while producer price deflation deepened. Reports on retail sales and industrial output due on Friday should show whether Beijin...
Dollar underpinned before US inflation data, Fed speakers
Dollar underpinned before US inflation data, Fed speakers
Source: Reuters
2024-11-11 09:04:21 am
Market Outlook: Inflation, FII, economic data key triggers for next week  The market outlook for next week will be guided by key macroeconomic data and the last round of Q2 earnings.  India is set to release Consumer Price Index (CPI) and Index of Industrial Production (IIP) data on November 12, with Wholesale Price Index (WPI) data expected on November 14. Globally, the US inflation report on November 13 will be critical, as it may influence the Federal Reserve’s upcoming policy stance. Last week, the stock market closed in the deep red. Nif...
Market Outlook: Inflation, FII, economic data key triggers for next week
Market Outlook: Inflation, FII, economic data key triggers for next week
Source: IANS
2024-11-10 12:59:34 pm
India inflation to rise further to 5.81% on rising food costs  Consumer price inflation in India climbed to a 14-month high of 5.81% in October primarily due to a spike in vegetable and edible oil prices, a Reuters poll of economists predicted, a shade below the central bank's tolerance threshold of 6.0%. Food prices, which make up nearly half of the inflation basket, likely increased at a faster pace last month. Tomatoes, a key ingredient in every Indian kitchen, are expected to have surged by double digits in price as uneven rains disrupte...
India inflation to rise further to 5.81% on rising food costs
India inflation to rise further to 5.81% on rising food costs
Source: Reuters
2024-11-08 06:06:09 pm
What the RBI Might Do Following the U.S. Federal Reserve`s Rate Cut The U.S. Federal Reserve’s decision to reduce interest rates has set the stage for other central banks worldwide to reassess their monetary policies. For India, the Reserve Bank of India (RBI) faces a unique set of challenges and opportunities in light of this development. While a Fed rate cut often opens the door for other central banks to make similar moves, the RBI’s decision will ultimately hinge on domestic economic conditions, inflation, growth objectives, and concerns over ...
What the RBI Might Do Following the U.S. Federal Reserve`s Rate Cut
What the RBI Might Do Following the U.S. Federal Reserve`s Rate Cut
Source: IGI Editorial
2024-11-08 10:11:26 am
The Federal Reserve's Rate Decrease: Impact on Indian Markets The U.S. Federal Reserve’s decision to lower interest rates typically has wide-reaching implications for economies around the globe. As one of the world’s largest and most influential economies, the Fed's monetary policy affects everything from emerging markets to currency stability. For India, a rate decrease in the U.S. can bring both opportunities and challenges. Here, we break down the key impacts this move may have on the Indian market. ### 1. *Capital Flows and Stock ...
The Federal Reserve's Rate Decrease: Impact on Indian Markets
The Federal Reserve's Rate Decrease: Impact on Indian Markets
Source: IGI Editorial
2024-11-08 09:52:42 am
Consumer inflation in South Korea down to lowest level in 4 years South Korea's consumer prices slowed to the lowest level in 45 months in October on stabilising oil prices, staying below 2 per cent for the second consecutive month, data showed on Tuesday.  Consumer prices, a key gauge of inflation, rose 1.3 per cent on-year last month, compared with a 1.6 per cent on-year increase in September, according to the data from Statistics Korea. October's figure marked the lowest level since January 2021, when consumer prices grew 0.9 per cent,...
Consumer inflation in South Korea down to lowest level in 4 years
Consumer inflation in South Korea down to lowest level in 4 years
Source: IANS
2024-11-05 09:42:52 am
Retail inflation for farm and rural labourers marginally up in September The retail inflation rate for farm and rural workers reached 6.36 per cent and 6.39 per cent in the month of September, compared to 6.70 per cent and 6.55 per cent in the same month last year, the government said on Tuesday.  The corresponding figures for August were 5.96 per cent for agricultural labourers and 6.08 per cent for rural labourers, according to the Labour Ministry data. The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL)...
Retail inflation for farm and rural labourers marginally up in September
Retail inflation for farm and rural labourers marginally up in September
Source: IANS
2024-10-23 10:05:40 am
India`s growth story remains intact, real GDP likely to grow at 7.2 pc in FY25: RBI Governor India’s growth story remains intact as its fundamental drivers – consumption and investment demand – are gaining momentum, the RBI Governor Shaktikanta Das has stressed, adding that the country is likely to see real GDP growth at 7.2 per cent for FY 2024-25.  Prospects of private consumption, the mainstay of aggregate demand, look bright on the back of improved agricultural outlook and rural demand. Sustained buoyancy in services would also support urban demand. G...
India`s growth story remains intact, real GDP likely to grow at 7.2 pc in FY25: RBI Governor
India`s growth story remains intact, real GDP likely to grow at 7.2 pc in FY25: RBI Governor
Source: IANS
2024-10-22 11:31:12 am
India cenbank deputy says climate, tech risks a threat to inflation targetting Risks posed by climate change and digitalisation are likely to make it tougher for central banks to implement inflation-targetting monetary policy in the coming years, according to a deputy governor at the Reserve Bank of India. Central banks face an "existential threat" to their inflation mandates from climate change through supply shocks, such as food and energy shortages, and a decline in productive capacity, Michael Patra said at a conference in New Delhi on Monday. The sp...
India cenbank deputy says climate, tech risks a threat to inflation targetting
India cenbank deputy says climate, tech risks a threat to inflation targetting
Source: IANS
2024-10-15 09:26:26 am
Perspective on WPI Data by Ms. Rajani Sinha, Chief Economist, CareEdge Ratings Below the Perspective on WPI Data by Ms. Rajani Sinha, Chief Economist, CareEdge Ratings   “In line with our expectations, the WPI inflation increased to 1.8% in July, up from 1.3% in the previous month. This rise in WPI inflation was primarily driven by a sharp increase in food inflation, which surged to 11.5% in September, compared to just 3.1% in the prior month. The acceleration in food inflation can be attributed to the fading of a favourable base effect seen over the pa...
Perspective on WPI Data by Ms. Rajani Sinha, Chief Economist, CareEdge Ratings
Perspective on WPI Data by Ms. Rajani Sinha, Chief Economist, CareEdge Ratings
Source: CareEdge Ratings
2024-10-14 03:27:39 pm
India's wholesale price inflation stands at 1.84 pc in September India's wholesale price inflation stood at 1.84 per cent in the month of September, primarily due to increase in prices of food articles and some manufacturing areas, the government said on Monday.  In August, the wholesale inflation came at 1.31 per cent and 2.04 per cent in July. The month-over-month change in WPI index for the month of September stood at 0.06 per cent as compared to August. The WPI increase in September was due to the increase in prices of food articles, foo...
India's wholesale price inflation stands at 1.84 pc in September
India's wholesale price inflation stands at 1.84 pc in September
Source: IANS
2024-10-14 01:39:27 pm
South Korea cuts key rate in over 3 years amid moderating inflation South Korea's central bank on Friday cut its key benchmark interest rate, its first pivot in its years-long monetary tightening mode, as inflation continued to moderate and the property market showed signs of cooling.  As widely expected, the Bank of Korea slashed its key rate by 25 basis points to 3.25 per cent, the first reduction since August 2021, when Asia's fourth-largest economy began to emerge from the coronavirus pandemic-caused slump. Many experts had noted that t...
South Korea cuts key rate in over 3 years amid moderating inflation
South Korea cuts key rate in over 3 years amid moderating inflation
Source: IANS
2024-10-11 10:02:31 am
India's high food inflation leaves less in lunch boxes of poor school children Nearly two years of elevated food inflation in India is leaving less in the lunch boxes of impoverished children, as government funded school meals suffer cutbacks because of rising prices of vegetables, fruits and pulses. The three-decades old programme, intended to draw poor children into school and provide them with basic nutrition, throws into sharp relief the inflationary impact of food on the nation's most needy and the widening inequality in the world's fastest growing major...
India's high food inflation leaves less in lunch boxes of poor school children
India's high food inflation leaves less in lunch boxes of poor school children
Source: Reuters
2024-10-11 09:55:08 am
Dollar hovers near two-month peak as Fed easing bets ebb before inflation data The U.S. dollar traded near a two-month peak against major peers on Thursday as markets grew more confident about a patient approach from the Federal Reserve to further monetary easing, even as a key inflation report loomed later in the day. The dollar index, which measures the currency against six key rivals, was steady after climbing to the highest since Aug. 16 overnight, as traders further pared bets for U.S. interest rate cuts this year in the wake of last week's unexpectedly stro...
Dollar hovers near two-month peak as Fed easing bets ebb before inflation data
Dollar hovers near two-month peak as Fed easing bets ebb before inflation data
Source: Reuters
2024-10-10 09:01:38 am
India's September inflation likely overshot RBI's 4% target India's retail inflation in September likely overshot the Reserve Bank of India's (RBI) 4% medium-term target for the first time since July due to a persistent rise in vegetable prices and a lower year-ago base, a Reuters poll found. Food items, especially vegetables and other perishables, which make up a significant share of overall household spending in the country, saw an uptick in prices as heavy rains reduced the availability of essential crops. A high base from last year, ...
India's September inflation likely overshot RBI's 4% target
India's September inflation likely overshot RBI's 4% target
Source: Reuters
2024-10-10 08:53:50 am
Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year: RBI Governor Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that retail inflation for the current fiscal (FY25) is projected at 4.5 per cent due to healthy monsoon and sound supply conditions.  Addressing the Monetary Policy Committee (MPC) meeting here, Das said that food inflation is likely to decrease later in the year, supported by a solid stock of essential commodities. The RBI MPC projected Consumer Price Index (CPI) inflation for FY25 at 4.5 per cent, with quarter...
Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year: RBI Governor
Inflation for FY25 projected at 4.5 pc, food inflation to drop later in year: RBI Governor
Source: IANS
2024-10-09 11:10:28 am
Former RBI Governor against excluding food inflation while setting benchmark interest rates Amid suggestions for excluding food inflation while setting benchmark interest rates, former Reserve Bank of India (RBI) Governor Raghuram Rajan has said that he is against excluding food prices from headline inflation, as it would erode the ‘great faith’ of people in the central bank, which has been mandated by the government to keep inflation in check. He further said it is best that inflation target a basket which is what the consumer consumes because that affects the consumers...
Former RBI Governor against excluding food inflation while setting benchmark interest rates
Former RBI Governor against excluding food inflation while setting benchmark interest rates
Source: Accord Fintech
2024-10-03 11:46:36 am
Retail inflation for industrial workers drops 65 pc YoY in August Retail inflation for industrial workers stood at 2.44 per cent in the month of August, as compared to 6.91 per cent in the same month last year – a significant decrease of about 65 per cent (year-on-year) -- according to the latest data released by the Labour Ministry on Tuesday.  The all-India Consumer Price Index-Industrial Workers (CPI-IW) for August decreased by 0.1 points, and stood at 142.6. In July, the all-India CPI-IW stood at 142.7, from 141.4 in June. The latest...
Retail inflation for industrial workers drops 65 pc YoY in August
Retail inflation for industrial workers drops 65 pc YoY in August
Source: IANS
2024-10-02 08:30:13 am
RBI to keep repo rate at 6.50% in October, cut by 25bps in December The Reserve Bank of India (RBI) is expected to cut interest rates by a modest 50 bps over the next six months, according to a majority of economists in a Reuters poll who said it would likely wait until December to start rather than move in October. Inflation held below the RBI's medium-term target of 4.0% for a second month in August. While it is expected to rise a bit in coming months, it has held in the 2%-6% comfort zone for nearly a year and was expected to stay there through mid-...
RBI to keep repo rate at 6.50% in October, cut by 25bps in December
RBI to keep repo rate at 6.50% in October, cut by 25bps in December
Source: Reuters
2024-09-27 08:28:56 am
Consumer price inflation for farm and rural labourers further eases in August The retail inflation rate for farm and rural workers fell to 5.96 per cent and 6.08 per cent, respectively, in August compared to 6.17 per cent and 6.20 per cent registered in July, the government said on Friday.   The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) registered an increase of 7 points each in August 2024, reaching levels of 1,297 and 1,309, respectively. The CPI-AL and CPI-RL were 1,290 points and 1,302 points, respect...
Consumer price inflation for farm and rural labourers further eases in August
Consumer price inflation for farm and rural labourers further eases in August
Source: IANS
2024-09-20 04:46:38 pm
Japanese Yen Gains Amid BoJ Rate Decision and Rising Inflation Data by Amit Gupta, Kedia Advisory The Japanese Yen strengthened following the Bank of Japan's decision to maintain its interest rate at 0.15%. Japan's Consumer Price Index rose to 3.0% in August, marking the highest level since October 2023. The US Dollar faced pressure as market expectations grew for future Federal Reserve rate cuts, with the 2024 median forecast revised downward. However, Fed Chair Jerome Powell emphasized a cautious approach to easing. Despite Japan's increasing trade deficit, the Yen continues...
Japanese Yen Gains Amid BoJ Rate Decision and Rising Inflation Data by Amit Gupta, Kedia Advisory
Japanese Yen Gains Amid BoJ Rate Decision and Rising Inflation Data by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-09-20 11:59:41 am
Softening of WPI inflation to cut production costs, demand surge for consumption The softening of wholesale price index (WPI) inflation in August on the back of decline in prices of food articles, especially vegetables and milk is encouraging, which will lead to reduction in production costs and increase in demand for consumption within the country, industry experts said on Tuesday.  The lower-than-expected WPI number is primarily owing to a fall in fuel and electricity components as global crude prices have softened given the Chinese demand worries as well as hea...
Softening of WPI inflation to cut production costs, demand surge for consumption
Softening of WPI inflation to cut production costs, demand surge for consumption
Source: IANS
2024-09-17 04:25:35 pm
India`s WPI inflation slows down to 1.31% in August Amid easing prices of crude petroleum, natural gas and food articles, inflation based on wholesale price index (WPI) in India slowed down in the month of August 2024 to 1.31% from 2.04% in July. Mineral oils prices also decreased in the reported month. The Component wise, primary articles index, having weight of 22.62%, declined 1.37% to 194.9 (provisional) in August 2024 from 197.6 (provisional) for the month of July 2024. Fuel & Power index, having weight of 13.15%, increased by 0.14...
India`s WPI inflation slows down to 1.31% in August
India`s WPI inflation slows down to 1.31% in August
Source: Accord Fintech
2024-09-17 12:49:31 pm
India sees healthy 8 pc increase in overall rainfall, positive for inflation outlook India saw a healthy 8 per cent increase in overall rainfall above the long-term average (till September 13) as average retail prices of vegetables and milk cooled down, a report showed on Monday.  Cumulative weekly rainfall was 14 per cent above the long-term average (as of September 11). With overall sowing nearly completed, the focus will now shift towards the harvesting season, as per the ‘Indian Rainfall Tracker’ by Emkay Global Financial Services. The total area...
India sees healthy 8 pc increase in overall rainfall, positive for inflation outlook
India sees healthy 8 pc increase in overall rainfall, positive for inflation outlook
Source: IANS
2024-09-16 12:15:35 pm
`Rate cuts expected as retail inflation remains below RBI forecast` With the inflation in the second quarter of FY25 likely to remain below the Reserve Bank of India’s (RBI) forecast of 4.4 per cent, amid the cooling of food prices, the central bank may consider rate cuts in the forthcoming Monetary Policy Committee (MPC) meetings, industry analysts said on Thursday.   The year-on-year inflation rate (3.65 per cent), based on the All India Consumer Price Index (CPI), for the month of August was the second lowest in the last five years. Dr Vij...
`Rate cuts expected as retail inflation remains below RBI forecast`
`Rate cuts expected as retail inflation remains below RBI forecast`
Source: IANS
2024-09-13 09:22:27 am
India`s August retail inflation above economists` expectations at 3.65% y/y India's August retail inflation was slightly higher than economists' expectations on the back of a sharp rise in vegetable prices, according to government data released on Thursday. Annual retail inflation was 3.65% in August, compared with a revised 3.60% in July. Economists polled by Reuters had forecast August inflation at 3.5%. COMMENTARY SUJAN HAJRA, CHIEF ECONOMIST AND EXECUTIVE DIRECTOR, ANAND RATHI SHARES AND STOCK BROKERS, MUMBAI "Recent inflation readings ha...
India`s August retail inflation above economists` expectations at 3.65% y/y
India`s August retail inflation above economists` expectations at 3.65% y/y
Source: Reuters
2024-09-12 06:31:17 pm
India's retail inflation stays below 4% for second consecutive month in August India's August retail inflation remained below the central bank's target of 4% for the second consecutive month, but vegetable prices continued to soar, dampening hopes of a dovish stance in the next monetary policy meeting. Annual retail inflation was at 3.65% in August, higher than the revised 3.60% in July and economists' forecast of 3.5%. India's key inflation gauge slipped below the Reserve Bank of India's 4% target in July after a gap of nearly five years, larg...
India's retail inflation stays below 4% for second consecutive month in August
India's retail inflation stays below 4% for second consecutive month in August
Source: Reuters
2024-09-12 06:03:18 pm
Dollar firm after inflation data douse bets for big Fed cut The dollar traded near a four-week high versus the euro on Thursday after signs of some stickiness in U.S. inflation reinforced expectations that the Federal Reserve would avoid a super-sized interest rate cut next week. Meanwhile, a quarter-point rate reduction from the European Central Bank (ECB) is widely expected later on Thursday, with investors anxious for hints on how soon the monetary authority will cut again. The dollar gained against the yen, following a turbulent session on W...
Dollar firm after inflation data douse bets for big Fed cut
Dollar firm after inflation data douse bets for big Fed cut
Source: Reuters
2024-09-12 09:04:20 am
Rupee strengthens against US dollar on Wednesday Indian rupee strengthened against the US dollar on Wednesday tracking its Asian peers, and as the American currency and crude oil prices retreated. Meanwhile investors are awaiting for US inflation data to be released later today, which could offer cues on the magnitude of an expected rate cut from the Fed later this month. Moreover, foreign fund inflows and the Reserve Bank's active intervention have also kept the rupee higher. Foreign Institutional Investors were net buyers in the capit...
Rupee strengthens against US dollar on Wednesday
Rupee strengthens against US dollar on Wednesday
Source: Accord Fintech
2024-09-11 12:00:25 pm