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Inflation

Retail tomato prices drop 22% after October surge as supply strengthens

Retail tomato prices drop 22% after October surge as supply strengthens

Mon, Nov 18, 2024

Retail tomato prices declined 22.4 per cent month-on-month on improved supplies across the country, the Consumer Affairs Ministry said on Sunday. The all-India average retail price of tomatoes stood at Rs 52.35 per kg on November 14, down from Rs 67.50 per kg on October 14, according to an official statement.

Onion prices will remain high in November says a research report of ICICI Bank

Onion prices will remain high in November says a research report of ICICI Bank

Thu, Nov 14, 2024

The report attributed this price surge to heavy rains in August and September, which disrupted supply chains, leading to a 28 per cent drop in mandi arrivals over the past two months and pushing up tomato prices by 49 per cent month-on-month in October.

RBI's 7.2% GDP growth estimate 'overly optimistic', India has entered cyclical growth slowdown: Nomura

RBI's 7.2% GDP growth estimate 'overly optimistic', India has entered cyclical growth slowdown: Nomura

Mon, Oct 28, 2024

Nomura said it sees "rising downside risks" to its GDP growth estimates of 6.7 per cent in the ongoing FY25 and 6.8 per cent in FY26.

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Eurozone growth slows to 20-month low: Survey

Eurozone growth slows to 20-month low: Survey

Fri, Sep 23, 2016

Eurozone economic growth has slowed to its weakest pace since January 2015, a closely watched survey showed on Friday.

Record foodgrain sowing bores good news for India's inflation

Record foodgrain sowing bores good news for India's inflation

Fri, Sep 23, 2016

Ministry of Agriculture released its first advanced estimates of a record high Kharif foodgrain production which is estimated to be at 135.03 million tonnes (MT). The country’s foodgrain output will shoot up 9% with record production of rice and pulses as well.

Nasdaq hits record high after US Federal Reserve keeps rates unchanged

Nasdaq hits record high after US Federal Reserve keeps rates unchanged

Thu, Sep 22, 2016

The Nasdaq hit a record intraday high on Thursday amid broad gains in US stocks, a day after the Federal Reserve stood pat on interest rates.

Monetary Policy Committee: Meet the three new members

Monetary Policy Committee: Meet the three new members

Thu, Sep 22, 2016

India on Thursday picked three economists from the academic world for a new monetary policy committee (MPC) to set interest rates, as the Reserve Bank of India (RBI) gets ready for a landmark switch in the way it decides policy.

Wall Street set to open higher as investors await US Fed meet

Wall Street set to open higher as investors await US Fed meet

Tue, Sep 20, 2016

US stocks looked set to open higher as investors saw little room for the US Federal Reserve to raise interest rates in a two-day meeting starting on Tuesday. The central bank's meeting will conclude with Fed Chair Janet Yellen's press conference at 2:00 pm ET on Wednesday.

India to clock 8% growth over next few years: S&P

India to clock 8% growth over next few years: S&P

Mon, Sep 19, 2016

Backed by broadening of domestic consumption base, S&P Global Ratings on Monday projected India to clock a "steroid-free" growth of 8% over the next few years.

As divided Fed meets, economic data favor standing pat

As divided Fed meets, economic data favor standing pat

Sun, Sep 18, 2016

Two months ago, disagreements at the heart of the US Federal Reserve spilled out into the open, with policymakers squaring off over the near-term threat of inflation.

RBI will keep low inflation in mind while deciding rates: FM Jaitley

RBI will keep low inflation in mind while deciding rates: FM Jaitley

Fri, Sep 16, 2016

Retail inflation eased to a five-month low of 5.05% in August.

Wholesale inflation inches up to 3.74% in August, beats estimates

Wholesale inflation inches up to 3.74% in August, beats estimates

Wed, Sep 14, 2016

Rate of inflation in food articles (14.34% weightage on the index) dropped to 8.23%, lowest in past three months. Rate of inflation in food articles stood at 11.82%, 8.57% and 8.24% in July, June and May, respectively. Rate of inflation in pulses, too, came down slightly, at 34.55% in August 2016 from 35.76% in July 2016.

Monsoon to play rate-cut spoilsport?

Monsoon to play rate-cut spoilsport?

Tue, Sep 13, 2016

Despite the retail inflation easing to a five-month low of 5.05% for the month of August, industry’s hopes of getting an interest rate cut from the Reserve Bank of India (RBI), might not be realised.

Has retail inflation cooled down in August?

Has retail inflation cooled down in August?

Mon, Sep 12, 2016

A Reuters poll last month suggested another cut was likely in the final three months of this year.

With RBI's push Rupee Sovereign Bonds to be among Asia's best performers

With RBI's push Rupee Sovereign Bonds to be among Asia's best performers

Wed, Sep 07, 2016

The report mentioned Citibank's prediction stating that more bond will gain as there are chances of inflation spike cooling by the end of FY17.

Indian ouput of pulses to hit record high; drag on prices: Industry

Indian ouput of pulses to hit record high; drag on prices: Industry

Tue, Sep 06, 2016

India's production of summer-sown pulses is likely to surge to a record high this year, dragging down prices of the protein-rich food grains after last year's sharp rally that prompted farmers to increase area under cultivation, industry officials said.

Hope India will continue to prioritise low inflation, says Raghuram Rajan

Hope India will continue to prioritise low inflation, says Raghuram Rajan

Tue, Sep 06, 2016

Raghuram Rajan, whose tenure as the RBI Governor ended this week, hopes the process of cleaning up Indian banks will be finished and the government will continue to prioritise "low inflation".

Lower rates no substitute for broader policy reforms, Rajan warns once again

Lower rates no substitute for broader policy reforms, Rajan warns once again

Tue, Sep 06, 2016

RBI undertook an asset quality review of banks by issuing blanket orders to classify loans to certain accounts as non-performing assets.

Urjit Patel takes charge as 24th RBI governor

Urjit Patel takes charge as 24th RBI governor

Mon, Sep 05, 2016

Like Rajan, Patel too worked with the International Monetary Fund (IMF).

Rajan's last working day: For three years his decisions favoured majority

Rajan's last working day: For three years his decisions favoured majority

Sat, Sep 03, 2016

Friday, September 2, 2016, marked the last working day for Reserve Bank of India Governor Raghuram Rajan. He will step down from the position on Sunday, September 04, and make way for governor-in-waiting Dr Urjit Patel to take his place.

'Rajan is an excellent listener & his policy decisions reflect his careful listening of the bankers' opinions'

'Rajan is an excellent listener & his policy decisions reflect his careful listening of the bankers' opinions'

Fri, Sep 02, 2016

As an excellent listener and communicator, the outgoing RBI Governor Raghuram Rajan used all the modes of communication to stop the market from running ahead and got it open-mouthed instead, says a report. Rajan will demit office on September 6, and will return to teaching.

Was willing to stay bit longer, but could not reach agreement with Govt: Raghuram Rajan

Was willing to stay bit longer, but could not reach agreement with Govt: Raghuram Rajan

Fri, Sep 02, 2016

Days before leaving Reserve Bank of India (RBI), outgoing Governor Raghuram Rajan on Thursday said he was willing to stay a bit longer but could not reach the "right kind of agreement" with the government on extension of his tenure.

Indian economy likely to grow at 7.8% in FY17: Ficci

Indian economy likely to grow at 7.8% in FY17: Ficci

Tue, Aug 30, 2016

Indian economy is estimated to grow at 7.8% in the current financial year of 2016-17 (FY17) on the back of good monsoon, better performance of agriculture and industry sector, said a latest survey by Ficci.

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