The Reserve Bank of India is expected to cut key policy rates by 25 basis points (bps) in the upcoming monetary policy meeting amid subdued domestic industrial activity and slowdown in trade on the global front, says a report brought out by Dun & Bradstreet. According to Dun & Bradstreet’s latest economy forecast, the trade […]
Global demand for gold grew to 1,053.3 tonnes in Q1, up 7 per cent year-on-year, according to the latest report by the World Gold Council (WGC). A big reason for the stronger demand is central banks, which continued to buy gold for diversification and liquidity purposes. Another is improvement in the India market. Central banks around the […]
India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves, says a Bloomberg report. The Reserve Bank of India’s purchases are part of a wider picture across developing economies that […]
Wholesale price-based inflation rose for the second consecutive month to 3.18 per cent in March on costlier food and fuel, latest government data showed. The Wholesale Price Index (WPI) based inflation was at 2.93 per cent in February. It was 2.74 per cent in March 2018. Inflation in food articles hardened with steep rise in […]
India’s Gross Domestic Product (GDP) grew a lower-than-expected 6.6 per cent in the October-December period, the lowest in five quarters, dragged by lower farm and manufacturing growth, government data showed. India’s GDP growth was revised down to 7 per cent from 7.1 per cent in the second quarter ended September 30, 2018, according to data released […]
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has reduced repo rate by 25 basis points to 6.25 per cent per annum from 6.5 per cent p.a. The apex bank panel has reduced the key interest rate on expectation of inflation staying within its target range, which is a good news for people […]
Retail inflation dropped to a 17-month low in November at 2.33 per cent, mainly on account of decline in prices of kitchen essentials like vegetables and pulses. Retail inflation, which is calculated on the consumer price index (CPI), for October this year has been revised slightly up at 3.38 per cent from 3.31 per cent […]
Fitch Ratings has lowered India’s GDP growth forecast to 7.2 per cent for current fiscal citing higher financing cost and reduced credit availability. In its Global Economic Outlook, Fitch projected that for 2019-20 and 2020-21 financial years, India’s GDP growth will be 7 per cent and 7.1 per cent respectively. Fitch had in June projected […]
China has not accepted India’s proposal to carry out bilateral trade in local currencies which was aimed at bridging the ballooning trade deficit with the neighbouring country. India had suggested China for renminbi-rupee trade to boost its exports and tackle the widening trade deficit concern. China has declined India’s proposal. India’s exports to China stood at […]
In India prices of key food items from vegetables to sugar and pulses continue to run well below last year, keeping retail inflation below the central bank, RBI’s target for the third consecutive month. Inflation as measured by the Consumer Price Index (CPI) stood at 3.31 per cent in October 2018 compared to 3.70 per […]
