The Reserve Bank of India (RBI) kept the benchmark repo rate unchanged at 4% and vowed to maintain monetary easing as long as required to recover from the impact of the Covid-19 pandemic. The central bank’s decision follows a fresh wave of Covid infections across the country forcing partial lockdowns in the financial hub Mumbai and […]
The Reserve Bank of India (RBI) projected the country’s economic growth rate at 10.5% for the next financial year starting April 1, predicting a rebound following a year of contraction in the wake of the Covid-19 pandemic. The central bank had estimated the economic growth during the current financial year at -7.5%. India was the […]
The Indian industry is on a firm path to recovery following policy measures to mitigate the impact of the pandemic and businesses showing a tangible improvement since the lockdown, according to a survey by the Federation of Indian Chambers of Commerce and Industry of India (FICCI). The prospect of a Covid-19 vaccine has further improved […]
The Indian government said in a statement that Sovereign Gold Bonds 2020-21 (Series IX) will be opened for the period December 28 – January 1 with Settlement date January 05, 2021. The issue price of the bond during the subscription period shall be Rs 5,000/gram, as also informed by the Reserve Bank of India (RBI). […]
The prices of household items remained moderate in the month of November 2020. Consumer Price Index (CPI) inflation, also known as retail inflation, decreased from 7.61 per cent in October to 6.93 per cent in November, according to the Ministry of Statistics & Programme Implementation. The rise in food prices also moderated from 11 per […]
The Reserve Bank of India on Friday decided to keep the repo rate unchanged at 4% while pledging to keep its accommodative monetary stance unchanged for as long as necessary to cope with covid’s impact. The reverse repo rate was also kept at the the current leve of 3.35%. It noted that tbe global economy […]
Wholesale prices in India rose 1.48 per cent in October, after rising 1.32 per cent in the previous month. This is the third annual increase in a row, taking the WPI growth to an 8-month high. As economy started to unlock, wholesale prices also started to rise. While the prices of the manufacturing items significantly […]
Retail inflation rate in India surged to a 77-month high of 7.61 per cent last month in October. Food inflation spiked to 11.07 per cent in October, against 10.68 per cent in the previous month, remaining the biggest driver of the Consumer Price Index (CPI). Even core retail inflation has risen from about 4 per […]
India’s GDP is likely to contract by 8.6 per cent for the July-September period, which means India will enter into a recession for the first time in history in the first half of this fiscal with two successive quarters of negative growth due to the COVID-19 pandemic, as per an RBI official reported by the Press Trust […]
Despite two successive record seasonal harvests, food inflation in India remains stubbornly high, prompting the government to announce this week that it will be soon importing certain vegetables. While the inflation rate is expected to ease in coming weeks, prices are unlikely to fall drastically any time soon. Retail inflation rose to 7.3% in September — […]
