IMF praises RBI for tightening the monetary policy to curb inflation

[ad_1] Tobias Adrian said that monetary policy has tightened in India, similar to other emerging markets as well, where inflation has been above target Tobias Adrian said that monetary policy has tightened in India, similar to other emerging markets as well, where inflation has been above target The International Monetary Fund (IMF) on Tuesday praised […]

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RBI’s monetrary policy has sent a positive message: Nirmala Sitharaman

[ad_1] India’s inflation is at a manageable level and the Reserve Bank of India’s latest monetary policy which included a 50 basis points hike in interest rates, have sent a “very positive message in the market”, Finance Minister Nirmala Sitharaman said on Saturday.  Over 70% of the foreign portfolio investors (FPIs) who had left the […]

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RBI set for fourth straight rate hike to quell inflation, say experts

[ad_1] The RBI, which has since May raised the repo rate by 140 basis points, may again go for a 50-bps increase to take it to a three-year high of 5.9%, say experts The RBI, which has since May raised the repo rate by 140 basis points, may again go for a 50-bps increase to […]

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Asian Development Bank cuts India’s GDP growth forecast to 7%

[ad_1] India’s economy grew 13.5% year-on-year in the first quarter of 2022-23, reflecting strong growth in services India’s economy grew 13.5% year-on-year in the first quarter of 2022-23, reflecting strong growth in services The Asian Development Bank (ADB) has slashed India’s economic growth projection for 2022-23 to 7% from 7.2% earlier, citing higher than expected […]

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Monetary policy alone can’t tame inflation: FM

[ad_1] Growth impulses also need to be ‘unfettered’ in current situation, says Sitharaman Growth impulses also need to be ‘unfettered’ in current situation, says Sitharaman In a barely veiled signal to Mint Street, Finance Minister Nirmala Sitharaman said on Thursday that monetary policy tools like interest rate increases deployed by several central banks would not […]

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States that haven’t cut fuel taxes clocking higher inflation: Nirmala Sitharaman

[ad_1] “If you attribute States’ inflation to the Centre, then we need a way for Centre-States’ co-operation to handle price rise” “If you attribute States’ inflation to the Centre, then we need a way for Centre-States’ co-operation to handle price rise” Emphasising that it was unfair to blame the Centre for some States’ higher price […]

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Explained | Why is there divergence in inflation across States?  

[ad_1] What are the local factors? How has it dented spending, particularly in rural India, which is facing more price pressures?  What are the local factors? How has it dented spending, particularly in rural India, which is facing more price pressures?  The story so far:India’s economy grew at a slower-than-expected 13.5% in the first quarter […]

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India’s robust growth gives RBI room for more rate hikes: DBS

[ad_1] Retail inflation rate has remained above RBI’s upper tolerance limit for 7 straight months Retail inflation rate has remained above RBI’s upper tolerance limit for 7 straight months India’s strong growth offers room for the Reserve Bank of India to raise rates by another 60 basis points as the central bank seeks to stamp […]

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Rated Indian companies better placed to withstand rising interest rates, inflation: S&P

[ad_1] The agency said it expects India’s continued strong economic growth to positively affect companies’ revenues The agency said it expects India’s continued strong economic growth to positively affect companies’ revenues Companies and banks in India could feel the bite of rising rates and inflation, but rated firms are better cushioned to withstand the pressure, […]

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Wholesale price inflation slips below 14% for the first time since February

[ad_1] Wholesale Price Inflation moderated to a five-month low of 13.93% in July from 15.18% in June, driven by a lower pace of price rise for primary products, food items, and manufactured products, even though fuel and power inflation resurged from 40.38% in June to 43.75% in July. This is the 16th month in a […]

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