Gold ends 2019 on shiny note; may hit Rs 45,000 per 10 gram in 2020

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Gold is set to remain more expensive in the New Year as continuing geopolitical tremors, economic woes and rupee volatility are expected to push the yellow metal even to Rs 45,000 for 10 gram, says a PTI report. Thanks to various government policies and soaring stock market, gold witnessed periodic as well as steep price fluctuations in […]

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After onion, cooking oil prices bring tears to Indian households

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After onion prices meteoric surge, cooking oil is also expected to hit the grocery bills of Indian households as edible oils have registered a rising trend due to costlier imports. Prices of almost all edible oils have increased and due to “costlier imports from Malaysia and Indonesia, edible oil prices are likely to see a […]

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India’s real GDP growth in FY20 likely to be below 5%: IHS Market report

India’s real GDP growth in the 2019-20 fiscal is expected to be slightly below 5 per cent as the impact of stimulus measures will take time to filter through to the economy, IHS Markit has said. The latest GDP data for the July-September quarter showed a significant further moderation in the pace of economic growth […]

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India’s central bank pauses after five rate cuts, lowers 2019-20 GDP growth rate to 5%

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The Reserve Bank of India (RBI) on Thursday kept the interest rates unchanged, pausing after five straight cuts, but lowered the country’s economic growth forecast for the 2019-20 financial year to 5 percent from an earlier 6.1 percent. The RBI also raised its inflation forecast for the second half of the year to between 5.1-4.7 […]

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India’s manufacturing sector activity growth inches up in November 2019: IHS Markit

After  months of despair, India’s manufacturing sector activity inched up in November 2019, but the upturn remained subdued as growth rates for new orders as well as production were modest, a monthly survey said. The IHS Markit India Manufacturing PMI rose to 51.2 in November from 50.6 in October, when it had fallen to a […]

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Fitch Ratings projects India’s FY20 growth to slow down to 5.5%; IMF estimates a rebound to 7% next fiscal

Fitch Ratings has slashed India’s GDP growth forecast in the current fiscal to 5.5 per cent saying a large credit squeeze emanating from shadow banks has pushed economic growth to a six year low. Fitch, which had in June this year put India’s GDP growth at 6.6 per cent for the fiscal year that began […]

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Indian economic growth ‘much weaker’ than expected: IMF; Industrial production growth slows to 4.3% in July 2019

India’s economic growth is “much weaker” than expected, the IMF said, attributing the reasons to corporate and environmental regulatory uncertainty and lingering weaknesses in some non-bank financial companies. The International Monetary Fund (IMF) projected a slower growth rate for India in 2019 and 2020, a downward revision of 0.3 per cent for both the years, […]

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