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 […]
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 […]
Rating agency CRISIL sharply cut its growth forecast for the current financial year to 5.1 per cent from an earlier estimate of 6.3 per cent. The move comes ahead of the RBI’s announcement on lending rates on December 5. The RBI’s monetary policy committee (MPC) will meet between December 3-5 to review the interest rates. […]
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 […]
The Reserve Bank of India (RBI) has refuted media reports claiming that the central bank has been selling gold. RBI said that it has not sold any gold or indulged in trading the yellow metal. “Reports have appeared in certain sections of media that RBI has been selling/ trading in gold of late. It is clarified […]
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 […]
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, […]
For the first time in history, the US 30-year Treasury yield fell below 2% and 30-year Germany Bund is offering negative yields. That means investors holding bonds for 30 years will get an amount less than what they had invested. The world is talking about an inverted yield curve, a precursor to global recession. Inverted […]
Gold prices hit a new high this week amid fall in Indian rupee and political tensions in Honk Kong. Gold prices surged high on account of high demand for safe-haven at physical markets and tracking global trends. On the Multi Commodity Exchange (MCX), the most-traded October contract of the yellow metal shot up to Rs 38,666 per […]
The Reserve Bank of India’s (RBI’s) strategy to add gold to forex reserves has started bearing fruits. The rising price of the precious metal has helped the central bank increase overall forex reserves despite currency reserves not rising, and sometimes even falling. According to the RBI’s forex reserves data, put out every week, its foreign currency reserves […]
