Inflation
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Retail inflation hits 14-month high, rises to 6.21 per cent in October
Business | Nov 12, 2024, 05:11 PM ISTIndia’s retail inflation surged to 6.21% in October, a 14-month high driven by rising food and fuel prices, while industrial output expanded by 3.1% in September.
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How prices of veg, non-veg thalis affected during festival in October | Check report
Business | Nov 07, 2024, 04:18 PM ISTAccording to a report by rating agency CRISIL, during the festival season (October) the kitchen felt the pinch of inflation as tomatoes, potatoes and onions saw price hikes.
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September inflation hits 9-month high: Will it delay RBI's rate cut plans?
Business | Oct 15, 2024, 01:48 PM ISTIndia’s retail inflation surged to 5.49% in September 2024, driven by food prices, casting doubt on the RBI’s December rate cut plans.
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India's retail inflation rises to 5.49 per cent in September driven by surge in food prices
Business | Oct 14, 2024, 06:52 PM ISTAs inflation rates fluctuate, analysts are likely to closely monitor future trends and the potential need for adjustments in monetary policy by the Reserve Bank of India.
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India's wholesale inflation rises to 1.84% in September due to increase in food price, manufacturing
Business | Oct 14, 2024, 01:25 PM ISTWholesale inflation: As per the government data, inflation in food items shot up to 11.53 per cent last month against 3.11 per cent in August. This was led by 48.73 per cent inflation in vegetables as against (-)10.01 per cent in August.
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RBI keeps repo rate unchanged at 6.5 per cent for 10th consecutive time
Business | Oct 09, 2024, 10:39 AM ISTThe Reserve Bank of India (RBI) has kept the benchmark repo rate unchanged at 6.5% for the 10th consecutive time, maintaining its focus on inflation control while balancing economic growth.
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Bank of England holds interest rate at 5 per cent despite US Fed rate cut | Future UK rate outlook
Business | Sep 19, 2024, 06:20 PM ISTThe Bank of England has maintained its interest rate at 5%, contrasting with the US Federal Reserve’s rate cut to 4.8%. Inflation concerns in the UK, particularly in the services sector, have driven this cautious approach.
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US Fed cuts interest rates by 50 basis points, first reduction since 2020
Business | Sep 18, 2024, 11:58 PM ISTThe rate cut ends a 14-month period where rates were held steady. This duration is longer than three of the last six Fed "hold" periods but falls short of the 15-month pause before the 2007-2009 financial crisis.
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Retail inflation rises marginally to 3.65 per cent in August compared to July
Business | Sep 12, 2024, 06:13 PM ISTnotably, the retail inflation target set by the RBI is 4% with a tolerance band of +/- 2 percentage points, meaning that the target is within the range of 2% to 6%. As per the government data, industrial production grew 4.8 per cent in July against 6.2 per cent expansion a year ago.
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India's wholesale inflation drops to 2.04 per cent in July
Business | Aug 14, 2024, 12:43 PM ISTThe reduction in wholesale inflation is attributed to a drop in prices of key commodities, including food and fuel. Lower input costs and decreased demand pressures have contributed to the cooling of inflationary trends.
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Bangladesh's inflation reaches 12-year high to 11.66 per cent in July, GDP expected to decline
Business | Aug 13, 2024, 04:38 PM ISTAn interim government was formed in Bangladesh after the fall of the Hasina-led government, and its Chief Adviser, 84-year-old Nobel laureate Muhammad Yunus, announced the portfolios of his 16-member council of advisors last week.
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Retail inflation declines to 3.54 per cent in July, lowest in nearly five years
Business | Aug 12, 2024, 06:32 PM ISTIndia's retail inflation eased to 3.54 per cent in July, falling below the Reserve Bank of India's 4 per cent target for the first time in years.
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Bangladesh unrest escalates: Protesters set jail on fire, free hundreds of inmates
World | Jul 19, 2024, 08:52 PM ISTIn a dramatic escalation of student protests in Bangladesh, demonstrators stormed a jail in Narsingdi, freeing hundreds of inmates and setting the facility on fire. A police officer confirmed the incident, and a resident witnessed prisoners fleeing with their belongings.
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IMF upgrades India's GDP forecast to 7 per cent for 2024-25
Business | Jul 16, 2024, 07:52 PM ISTThe IMF has upgraded India's GDP growth forecast to 7% for the fiscal year 2024–25, citing anticipated improvements in rural consumption. Despite maintaining global growth projections at 3.2%, the IMF cautioned about risks including inflation and trade tensions, urging prudent monetary policies.
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Sensex surpasses 80,700, Nifty holds 24,600, Realty and FMCG stocks shine
Business | Jul 16, 2024, 04:42 PM ISTSensex and Nifty closed at new record highs on Tuesday, driven by a series of positive economic factors and strong institutional buying. Sectoral performance was mixed, with Nifty Realty leading gains and Nifty Media seeing the largest decline.
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WPI inflation surges to 16-month high of 3.36 per cent in June on costlier vegetables
Business | Jul 15, 2024, 04:06 PM ISTWholesale inflation in India reached a 16-month high of 3.36% in June, driven by rising prices of food articles, especially vegetables, and manufactured items. This marks the fourth consecutive month of increasing inflation, up from 2.61% in May.
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Retail inflation surges to 5.08 per cent in June, Industrial production jumps to 5.9, says Govt
Business | Jul 12, 2024, 05:59 PM ISTRetail inflation increased to 5.08 per cent in June as kitchen items became dearer, according to government data released today. The industrial production grew 5. 9 per cent in May this year, mainly due to good show by mining and power sectors.
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India-Russia energy cooperation helped control fuel prices, inflation in India: PM Modi tells Putin
World | Jul 10, 2024, 09:10 AM ISTNotably, India, the world's third-biggest oil importer and consumer, has become the biggest buyer of seaborne Russian crude since the West halted purchases and imposed sanctions against Moscow in the aftermath of Russia's 2022 invasion of Ukraine.
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Parliament Session HIGHLIGHTS | PM Modi to address Lok Sabha on Tuesday
India | Jul 01, 2024, 11:15 PM ISTThe Lok Sabha witnessed some fiery debates in Lok Sabha on Monday as Rahul Gandhi addressed the House and attacked the government over a range of issues. Some of his remarks drew reactions from Prime Minister Narendra Modi, Home Minister Amit Shah and other ministers.
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RBI keeps repo rate unchanged at 6.5% for eight consecutive time | Key highlights
Business | Jun 07, 2024, 01:01 PM ISTRBI Governor Shaktikanta Das revealed the next set of monetary policies on Friday morning. Earlier, experts anticipated that the RBI will maintain the benchmark interest rate at 6.5%, unchanged since February 2023, due to inflation concerns.