A fall in inflation will be welcomed by households in the world's most populous country, where food takes up a large chunk of budgets
Stock Market Today: Bears took the reins on the D-Street as 21 out of 30 constituent stocks of BSE Sensex ended in red, dragged by Bajaj Finance, Reliance Industries, and Tata Steel
At 6:33 AM, GIFT Nifty Futures were trading 30 points higher at 25,251, suggesting a higher start for Indian markets.
Earlier, RBI governor Shaktikanta Das on Thursday said that with retail inflation still above the 4 per cent target, any talks about cuts in interest rates would be too premature
Food inflation remained sticky as it slightly moderated to 6.61 per cent in October from 6.62 per cent in September due to the prices of items within the category cancelling each other out
The price fall is mainly attributed to a fall in food prices, especially vegetables
On Friday, RBI increased the repo rate by 50 basis points taking the key repo rate to 5.9%; here is why it should matter to you
According to MPC's own projections, the inflation rate may not come down below 6% on average before the fourth quarter of the current financial year
WPI inflation rose marginally even as retail inflation measured by Consumer Price Index slipped to a four-month low of 5.30 per cent as prices of manufactured products spiked
As a result, though consumers might have been paying more for these crops, farmers have gained little
The annual rate of inflation, based on monthly wholesale price index (WPI), stood at 3.46 per cent in December 2018.
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Report said that RBI was unlikely to take up any further cuts and may adopt a wait and watch policy