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Women in Pakistan's Karachi protest against soaring inflation and heavy ta
Updated : 1 year, 10 months ago IST
Several members of the Jamaat-e-Islami Paksitan on Thursday organised a protest in Karachi, raising their concerns against the soaring inflation and unfair taxes imposed by the government.
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CPI inflation down, but road ahead could be bumpy: SBI Report
Updated : 1 year, 10 months ago IST
The SBI's latest report highlights that the once-dominant "Follow the Fed" mantra appears to be waning, with an increasing number of central banks prioritizing domestic economic conditions over synchronizing with U.S. rate decisions, signalling a shift in global monetary policy dynamics.
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India's retail inflation softens and align with RBI's 4% target
Updated : 1 year, 10 months ago IST
According to data released by the Ministry of Statistics and Programme Implementation on Monday, retail inflation or Consumer Price Index in July was at 3.54 per cent.
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Merchandise exports to hit USD 111.7 bn, non-oil exports at USD 89.8 bn in
Updated : 1 year, 10 months ago IST
Quarterly report of Exim Bank suggests that the country's economy continues to demonstrate strong activity, driven by sustained momentum in both the manufacturing and services sectors. Additionally, expected global monetary easing and improving demand prospects from trading partners are like
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RBI expected to begin rate cuts in October, with two reductions this fisca
Updated : 1 year, 10 months ago IST
The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors like weather conditions and international commodity prices do not cause any disruptions, the credit rating agency, Crisil said in its report.
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Revolutionizing Student Education Loans: Innovative Solutions for a Debt-F
Updated : 1 year, 10 months ago IST
New Delhi [India], August 9: Do you want to study abroad or at your favourite tier-1 college, but monetary reasons stop you? Well, education is the greatest gift of life, and you will never regret getting it. It will grant you independence and self-sufficiency and give you a good life.
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High food prices raise concerns but improved monsoon offers hope for RBI:
Updated : 1 year, 10 months ago IST
The ongoing volatility in the prices of key food items such as tomatoes, onions, and potatoes (collectively known as TOP) and pulses continues to pose significant challenges for the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), highlights a report by SBI.
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A rate cut is unlikely before December, it may even be pushed back furthe
Updated : 1 year, 10 months ago IST
BOB also cautioned that the rate cut could be further delayed if inflationary pressures persist. With the Monetary Policy Committee (MPC) voting 4-2 in favour of maintaining the current policy stance, the decision underscores a growing divide among its members regarding the direction of mone
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Premature to talk about US recession based on one-month data: RBI Governor
Updated : 1 year, 10 months ago IST
At the post-monetary policy press briefing, RBI Governor Shaktikanta Das said that GDP growth figures in the US are doing well and it was not right to rush to a conclusion that the country was slowly slipping into recession.
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RBI sees a positive shift in FPI's flows in the domestic market, USD 9.7 b
Updated : 1 year, 10 months ago IST
Governor Das said, "On the external financing side, foreign portfolio investors turned net buyers in the domestic market from June 2024 with net inflows of USD 9.7 billion during June-August (till August 6) after witnessing outflows of USD 4.2 billion in April and May."
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Economists & Industry welcomed RBI's decision of no rate cut amid conc
Updated : 1 year, 10 months ago IST
Economists and Industry bodies have welcomed RBI's move to keep the policy repo rate unchanged they said that maintaining the repo rate provides stability and predictability in the financial markets.
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RBI Governor Shaktikanta Das projects 7.2 pc GDP growth for 2024-25, repor
Updated : 1 year, 10 months ago IST
Das added, "Assuming a normal monsoon and taking into account the 4.9 per cent inflation print, Q1 CPI inflation for the current financial year (2024-25) is projected at 4.5 per cent, with q2 at 4.4 per cent, Q3 at 4.7 per cent and Q4 at 4.3 per cent. CPI inflation for the first quarter of n
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