Inflation in India has moderated recently but it is "certainly not out", said the Reserve Bank of India's monthly bulletin released on Tuesday, adding that the price rise has "broadened and become stubborn".
Rahul Gandhi on Tuesday attacked Prime Minister Narendra Modi over growing inflation and asked him to start attending to the public who have been suffering due to the price rise.
The Aam Aadmi Party (AAP) on Sunday held its national executive and national council meeting and held a discussion on three main issues including national security and inflation, said Delhi Minister and party leader Gopal Rai.
The Federation of Indian Export Organisations (FIEO) President A Sakthivel has said India's exports coming back in the positive territory was on the expected lines but the challenges would continue due to the ongoing slowdown in demand and rising inflation in several economies.
The Monetary Policy Committee (MPC) of United Kingdom's central bank sets monetary policy to meet the 2 per cent inflation target, and in a way that helps to sustain growth and employment, according to a statement available on bankofengland.co.uk.
While talking with Congress leader Rahul Gandhi, the former governor of the Reserve Bank of India said, "India is also going to be hit. India's interest rates have also gone up but Indian exports have been slowing quite a bit."
At 9.19 am, BSE 30-share Sensex declined 79.17 points to 62,574.36 while broad-based Nifty also lost 27 points and was at 16,633.20 level. The majority of the key indices across the world's stock exchanges were trading in the losses during morning trade.
New Delhi [India], December 14 (ANI/GPRC): The unpredictability and turbulence we have seen in recent times have upped the need for safe, flexible, and low-risk forms of investments. The pandemic brought home the fact that livelihoods can be snatched in the blink of an eye, and that it is up
India's wholesale inflation based on the Wholesale Price Index for the month of November was at 5.85 per cent (provisional), against previous month's print of 8.39 per cen.
High inflation, Fitch Ratings said, may increase the operating costs of vehicles and the cost of living, which may hurt operators' debt servicing capacity.