MUMBAI: RBI governor Shaktikanta Das said Oct inflation numbers would be worse than 5.49% headline in Sept. The governor also indicated that he was not in any hurry to cut rates, stating that a change in stance does not mean an immediate reduction in interest rates. According to Das, the data on economic growth was…
August 2024 CPI: The Consumer Price Index (CPI) inflation for the month of August 2024 rose marginally to 3.65% versus 3.6% in July, according to the government data. The retail inflation number is well within RBI’s target range of 2-6% and lower than the ideal 4% number. In July 2024, the Index of Industrial Production…
July 2024 CPI inflation: The Consumer Price Index (CPI) inflation for the month of July eased sharply to 3.54%. This is the lowest retail inflation in 59 months or nearly 5 years according to the Ministry of Statistics data released today.According to MoSPI data, the provisional inflation rate stands at 3.54% for the entire country,…
The Consumer Price Index (CPI) inflation for the month of May 2024 eased to 4.75% as against 4.83% in April 2024. The rural and urban inflation rates are 5.28% and 4.15%, respectively. The Consumer Food Price Index (CFPI) inflation came in at 8.69%, down marginally from 8.70% in April 2024.Notably, the all India inflation based…
Analysts are of the view that the stock market seems to be in consolidation mode. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex moved up above 76,600, Nifty50 was near 23,300. At 9:18 AM, BSE Sensex was trading at 76,609.51, up 153…
April 2024 CPI Inflation: The Consumer Price Index (CPI) inflation for the month of April eased to 4.83%. The rural inflation was reported at 5.43% and urban inflation came in at 4.11%. The CPI inflation for the month of March 2024 stood at 4.85%. RBI’s Monetary Policy Committee has a CPI inflation target of 4%,…
RBI Monetary Policy Meeting: “The elephant has now gone out for a walk,” said RBI governor Shaktikanta Das as part of his monetary policy statement. So what did Shaktikanta Das mean and what is this elephant that he spoke of? The Reserve Banking of India (RBI) in its first Monetary Policy Committee (MPC) meeting for…
