Search For "inflation"
ICRA expects wholesale inflation to inch up to 3 pc in June
Updated : 1 year, 9 months ago IST
Rating agency ICRA expects headline wholesale inflation to inch up modestly to 3.0 per cent in June 2024.
Read More
CRISIL forecasts India's GDP growth at 6.8 pc in fiscal 2025
Updated : 1 year, 9 months ago IST
While retaining its position as the fastest-growing large economy, India's real gross domestic product (GDP) growth will moderate to 6.8 per cent in fiscal 2025 from 8.2 per cent in fiscal 2024, CRISIL observed in its recent report, citing high interest rates and lower fiscal impulse.
Read More
With strong job growth, rate cuts by US Fed before polls unlikely: Jefferi
Updated : 1 year, 9 months ago IST
With the US economy having created far more jobs than expected in May and consumer inflation in the country still looming above a comfortable range, its central bank Federal Reserve is unlikely to tinker with policy rates ahead of the much-awaited Presidential election scheduled later this y
Read More
WPI Food Index increased from 5.52 pc in April to 7.40 pc in May
Updated : 1 year, 9 months ago IST
Wholesale food prices have skyrocketed month-on-month in May, with official data showing that the Whole Price Index for food rising from 5.52 per cent in April to 7.40 per cent in May.
Read More
India's wholesale inflation rises from 1.26% to 2.61% in May, pushed by fo
Updated : 1 year, 9 months ago IST
Wholesale inflation in India, based on the Wholesale Price Index, came in at 2.61 per cent in May versus 1.26 reported in April, official data from the commerce ministry showed on Friday.
Read More
Stock indices remain firm in opening trade, hover around record highs
Updated : 1 year, 9 months ago IST
Indian stock indices opened higher Friday and hovered around lifetime highs, continuing their uptrend from the previous sessions, primarily due to a moderation in inflation in May - both in India and the US.
Read More
Nifty, Sensex touch new peaks in closing session
Updated : 1 year, 9 months ago IST
Indian stock markets surged to record highs on Thursday driven by favorable inflation data. The BSE Sensex and NSE Nifty soared to new peaks, reaching 77,145 and 23,481 respectively. Notably, the Nifty 50 closed 0.33 per cent higher at 23,398.95, while the Sensex ended 0.27 per cent up at 76
Read More
CII expects India's GDP at 8%; says Inflation to remain closer to RBI's 4%
Updated : 1 year, 9 months ago IST
The Confederation of Indian Industry (CII) anticipates that India's GDP will grow by 8 per cent in 2024 during an event in Delhi on Thursday focused on the country's Economic Growth Outlook.
Read More
India's retail inflation eases further in May; here's what experts say
Updated : 1 year, 9 months ago IST
Annual retail inflation in May was at a 12-month low of 4.75 per cent, marginally down from 4.83 per cent in April. The retail inflation or Consumer Price Index, in December last year was 5.7 per cent, and since has been moderating.
Read More
Indian stocks open at record highs Thursday, backed by moderation in infla
Updated : 1 year, 9 months ago IST
Indian stock indices touched their fresh lifetime highs briefly after the opening bell Thursday, continuing their uptrend from the previous session, primarily due to a moderation in inflation in May - both in India and the US. Other domestic economic parameters too are robust.
Read More
Inflation worries continue for US Fed, no policy rate cut for seventh time
Updated : 1 year, 9 months ago IST
The US Federal Reserve, in its latest monetary policy meeting, voted to leave the key interest rate unchanged at 5.25-5.50 per cent, maintaining the policy rate for the seventh straight time on the trot.
Read More
US inflation eases to 3.3 pc in May as Fed faces crucial rate decision
Updated : 1 year, 9 months ago IST
The CPI for May showed an annualized increase of 3.3 per cent, a modest deceleration from April's 3.4 per cent, falling short of economists' expectations that it would remain steady.
Read More