The Reserve Bank is likely to maintain status quo on policy rates for the fourth time in a row at its bi-monthly monetary policy review meeting early next month, as retail inflation continues to remain high and the US Federal Reserve has decided to keep a hawkish stance for some more time, according to experts.
Retail inflation breached the RBI's comfort zone and rose to a three-month high of 6.52 per cent in January, mainly on account of a spike in food prices, as per government data released on Monday. The inflation rate based on the Consumer Price Index (CPI) stood at 5.
The rupee depreciated 13 paise to 81.43 against the US dollar in early trade on Friday weighed down by firm crude oil prices and a muted trend in dom...
The rupee declined by 36 paise to close at 82.87 (provisional) against the US dollar on Tuesday, weighed down by persistent foreign capital outflows ...
Ahead of Diwali festival, the Union Cabinet on Wednesday increased the dearness allowance (DA) and dearness relief by 4 percent effective July 1, 2022, benefiting 41.85 lakh central government employees and 69.76 lakh pensioners.
Retail inflation inched up to 7 per cent in August from 6.71 per cent in July mainly due to higher food prices, government data showed on Monday. The consumer price index-based inflation is above the Reserve Bank's comfort level of 6 per cent for the eighth month in a row.
Krugman argues that markets are likely looking at a lot of data that hasn't come through in official reports yet, such as figures on energy and housing.
Retail inflation eased to 7.04 per cent in May, mainly on account of softening food prices, though it remained above the RBI's upper tolerance level ...