Why RBI is finding it tough to tame inflation
1 year, 11 months ago

Why RBI is finding it tough to tame inflation

Live Mint  

Even as inflation has crept downwards, the battle against it continues. Inflation remains elevated and persistent across countries as they grapple with food and energy price shocks and shortages…The correction in industrial input prices and supply chain pressures, if sustained, could help ease pressures on output prices; but the pending pass-through of input costs could keep core inflation firm.” Blunt Instrument The problem for central banks, when intervening on the demand side in the current environment, is that global demand is already weak. Similarly, in the case of the US, Stiglitz and Regmi point out that, “that real personal consumption has largely been below trend, particularly in the periods when inflation heated up, and total real aggregate demand has been consistently below trend, which reinforces the conclusion that the ‘problem’ arises from the supply side…with three fiscal quarters of anaemic growth, from the fourth quarter of 2021 to the second quarter of 2022, it is hard to see how excess demand by itself could be at the root of the problem.” The authors go on to argue that monetary policy is “too blunt an instrument” because it will reduce inflation “only at the cost of unnecessarily high unemployment, with severe adverse distributive consequences. Chart Managing Expectations Another reason for monetary policy to act to suppress demand, in the face of a supply-induced inflation, is to ‘manage expectations’. Given that central banks across the world are struggling to tame the highest global inflation levels in decades, governments may step in with a much wider range of measures to keep prices steady.

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History of this topic

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October
Trending News
1 week ago

India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October

Firstpost  

Headline retail inflation, the key target for the Reserve Bank of India’s monetary policy decisions, eased to 5.48% in November, down from 6.21% in the prior month India’s wholesale inflation slowed in November to 1.89% year-on-year, easing from the previous month, due to a smaller increase in food prices, government data showed on Monday. The wholesale inflation rate, a proxy …

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?
1 week, 1 day ago

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?

Live Mint  

Chapter 16 in the Book of Leviticus, Old Testament, enjoins Aaron to organize sacrifices and expiate the sins of all Israelites. Various ministers, government officials and sundry industry representatives have been hinting at RBI culpability in India’s economic slowdown and have called upon its monetary policy committee to cut rates in support of growth. The debate began with this year’s …

Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut
Trending News
1 week, 4 days ago

Mint Quick Edit: Lower inflation raises the likelihood of an RBI rate cut

Live Mint  

As luck would have it, Sanjay Malhotra’s assuming charge of the Reserve Bank of India has been accompanied by a notable drop in inflation. Measured by the consumer price index, India’s inflation rate fell to 5.5% in November, compared with 6.2% in October, according to government data released on Thursday. October’s reading was the highest in 14 months, but November’s …

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high
1 week, 4 days ago

India’s retail inflation eases to 5.48%, industrial production rises to 3-month high

Firstpost  

These positive developments come as India grapples with a seven-quarter low in real GDP growth, which fell to 5.4 per cent in the July-September period, down from 6.7 per cent in the previous quarter In positive developments for the Indian economy, the country’s retail inflation cooled, while industrial production saw an uptick, according to recently released data. Food inflation eases …

Retail inflation slows slightly at 5.48%
1 week, 4 days ago

Retail inflation slows slightly at 5.48%

Hindustan Times  

Retail inflation rose to 5.48% last month, a slower pace of increase compared to 6.21% in October, data from the Ministry of Statistics and Programme Implementation showed on Thursday. Despite the slowing pace of growth in prices, the Consumer Price Index-based rate of retail inflation stayed above the Reserve Bank of India’s 4% tolerance level, with two percentage points of …

India’s retail inflation moderates to 5.48% in November, IIP expands to 3.5% in October
1 week, 4 days ago

India’s retail inflation moderates to 5.48% in November, IIP expands to 3.5% in October

Live Mint  

Hopes of an early rate cut were rekindled on Thursday as retail inflation fell back within the central bank's tolerance band in November, while factory output hit a three-month high in October, in good news for the economy that slowed in the second quarter. Retail inflation based on the consumer price index fell to a three-month low of 5.48% in …

Retail inflation eases to 5.48% in November from above 6% in October
1 week, 5 days ago

Retail inflation eases to 5.48% in November from above 6% in October

India Today  

India's retail inflation cooled to 5.48% in November, slipping below the Reserve Bank of India’s upper tolerance band of 6% after breaching it in October. "High inflation reduces the disposable income in the hands of consumers," Das noted, adding that food inflation could stay elevated through the third quarter of FY25 before easing. Expected revisions could lower food’s weightage by …

Retail inflation data today. 3 things you should know
1 week, 5 days ago

Retail inflation data today. 3 things you should know

India Today  

The retail inflation data for November is set to be released on Thursday, and all eyes are on the figures after October’s inflation rate climbed to a 14-month high, owing to a rise in food prices, especially vegetable prices. OCTOBER’S INFLATION BREACHES RBI TOLERANCE LEVEL In October, inflation rose to 6.2%, surpassing the Reserve Bank of India's upper tolerance threshold …

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons
Trending News
1 week, 5 days ago

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons

India TV News  

India's retail inflation has declined to 5.48 per cent in November compared to 6.21 pewr cent in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday. According to Consumer Price Index data released by the National Statistics Office, the inflation in the food basked reduced to 9.04 per cent in November. The CPI-based …

Inflation likely eased to 5.5% in November: Mint poll
1 week, 5 days ago

Inflation likely eased to 5.5% in November: Mint poll

Live Mint  

India’s retail inflation is expected to have eased to 5.5% in November from 6.2% the previous month, driven by a seasonal decline in vegetable prices, according to a Mint poll of 16 economists. Even if inflation moderated in November, it would still have exceeded the Reserve Bank of India's medium-term target of 4% in all but two months since September …

DC Edit | Will RBI tweak inflation focus?
1 week, 6 days ago

DC Edit | Will RBI tweak inflation focus?

Deccan Chronicle  

The appointment of Sanjay Malhotra as the new RBI governor continues the long-standing tradition of IAS officers heading the Central bank, a quasi-autonomous body that decides the country’s monetary policy. Mr Malhotra took over the charge of RBI from Shaktikanta Das — the second longest serving governor after Sir Benegal Rama Rau’s stint of seven years and 197 days — …

​Staying the course: On the RBI and inflation
Trending News
2 weeks, 3 days ago

​Staying the course: On the RBI and inflation

The Hindu  

The Reserve Bank of India’s Monetary Policy Committee, in its latest bi-monthly review, has decided to maintain status quo on the benchmark interest rate of 6.50% for the eleventh consecutive time. India’s retail inflation, after trending below the median 4% target, for the first time in five years, for two months, spiked over September and October, with food prices leading …

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome
2 weeks, 3 days ago

RBI Monetary Policy: Inflation remains a concern; FY25 growth estimates trimmed-5 key highlights from RBI MPC outcome

Live Mint  

RBI Monetary Policy: Highlighting sticky inflation and its impact on economic growth and consumers, Reserve Bank of India Governor Shaktikanta Das announced a status quo on the repo rate and policy stance on Friday, December 6. The Monetary Policy Committee of the central bank, by a majority of 4:2, decided to keep the repo rate at 6.50 per cent for …

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch
2 weeks, 4 days ago

RBI MPC verdict today: Repo rate to GDP, inflation forecasts— here are 5 key indicators to watch

Live Mint  

RBI MPC Meeting: Reserve Bank of India Governor Shaktikanta Das will unveil the fifth monetary policy of the current financial year 2024-25 on Friday, December 6, after a two-day review meeting amid recent worrying prints of headline inflation and gross domestic product. “However, with the GDP growth print sharply undershooting the MPC's expectations, a February 2025 rate cut may be …

'Our job is…': RBI Governor defends policy action amid criticism over lending rates
2 weeks, 4 days ago

'Our job is…': RBI Governor defends policy action amid criticism over lending rates

India Today  

RBI Governor Shaktikanta Das defended the central bank’s cautious approach to cutting key rates during his address on Friday. In his statement during the Monetary Policy Committee meeting for December, Das highlighted the importance of maintaining economic stability amidst evolving global and domestic challenges. “As a central bank, our job is that of an anchor of stability and confidence, which …

RBI must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation
2 weeks, 4 days ago

RBI keeps key lending rate unchanged at 6.5%, focus remains on tackling inflation

India Today  

The Reserve Bank of India's Monetary Policy Committee has decided to maintain the status quo on key interest rates for the 11th consecutive time. Consequently, the standing deposit facility stands at 6.25%, and the marginal standing facility and the bank rate at 6.75%," announced RBI Governor Shaktikanta Das during the policy statement. "Tackling inflation is critical because high inflation reduces …

RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25
2 weeks, 4 days ago

RBI cuts growth forecast to 6.6 per cent, revises inflation estimate to 4.8 per cent for FY25

India TV News  

The Reserve Bank of India on Friday slashed its growth projection for the current fiscal year 2024-25 to 6.6 per cent from its earlier estimate of 7.2 per cent, citing a slowdown in economic activity and persistent high food prices. RBI cuts CRR to 4 per cent Meanwhile, to ease the potential liquidity stress, the Reserve Bank also slashed the …

RBI must restore balance between inflation, growth
2 weeks, 4 days ago

RBI must restore balance between inflation, growth

New Indian Express  

Despite the disappointing slump in economic growth, the RBI on Friday left the benchmark policy repo rate unchanged at 6.5 percent amid inflationary pressures. Maintaining a firm stance on inflation control, Governor Shaktikanta Das stressed that the central bank needed “more credible evidence” on the disinflationary process, which he said was getting prolonged and arduous. As Das rightly noted, there …

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?
Trending News
2 weeks, 5 days ago

RBI MPC meet: Growth needs a boost, but will inflation hold back rate cut?

India Today  

The Reserve Bank of India’s Monetary Policy Committee began its three-day meeting on Wednesday, setting the stage for a critical decision on the repo rate, which will be announced on December 6 at 10 AM. The meeting takes place amid growing calls from experts and leaders for a rate cut to support India’s slowing economic growth. Piyuh Goyal has even …

Monetary policy review: RBI should stick to its price stability mandate
2 weeks, 5 days ago

Monetary policy review: RBI should stick to its price stability mandate

Live Mint  

One of the lingering effects of covid—‘long covid’—is that economic growth has begun to look a bit like the Sensex, albeit in slow motion. So, last fiscal year’s growth looked rosy in large part because growth in 2022-23 had flagged since 2021-22, when it was 9.7% but on a covid-shrunken GDP base of 2020-21. As the US Fed and major …

RBI MPC: FX, not inflation, curbing degrees of policy freedom
2 weeks, 6 days ago

RBI MPC: FX, not inflation, curbing degrees of policy freedom

Live Mint  

After the recent GDP shocker, speculation is rife regarding a “policy action" in the December monetary policy meeting. Hence, we believe that in an increasingly volatile world, degrees of freedom for the RBI's monetary policy committee to ease policy to support growth would be constrained more by foreign exchange movements rather than inflation. While bond markets now anticipate rate cuts …

Is MPC doing enough on inflation? Consumers are divided
3 weeks ago

Is MPC doing enough on inflation? Consumers are divided

Live Mint  

Mumbai: For the past 30 months, the Reserve Bank of India’s monetary policy committee has been fighting hard to bring inflation within its medium-term target of 4%. Nearly half of the total respondents surveyed favoured lower inflation and higher interest rates, and only 22% support the reverse. Governor Shaktikanta Das has repeatedly warned since the last policy that cutting rates …

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February
3 weeks, 4 days ago

RBI Likely To Hold Interest Rates Amid Inflation Surge; Economists Push Rate Cut Forecast To February

ABP News  

The Reserve Bank of India is expected to maintain its key policy rate at 6.50 per cent during its upcoming December 4-6 meeting, according to a Reuters poll. A sharp rise in inflation, driven by soaring food prices, has led several economists to revise their forecasts for the first rate cut in the cycle from December to February. RBI Governor …

India Expects Relief in Food Inflation with Strong Kharif Harvest
4 weeks ago

India Expects Relief in Food Inflation with Strong Kharif Harvest

Deccan Chronicle  

As per the report, India’s retail inflation jumped to 6.21 percent in October, a 14-month high, driven by elevated food inflation in a few vegetables. A bumper kharif harvest is expected to lower food inflation in the coming months," it said, adding that a favourable monsoon, adequate reservoir levels and higher minimum support prices are likely to boost rabi sowing …

Food Inflation To Calm Down In Next Few Months, Says Finance Ministry’s Report
4 weeks ago

Food Inflation To Calm Down In Next Few Months, Says Finance Ministry’s Report

ABP News  

The finance ministry in its latest economic review for October revealed that food inflation is expected to slowdown in the upcoming months. “Supply disruptions from heavy rains in major producing states contributed to price pressures in tomatoes, onions, and potatoes, while elevated global prices drove up oil and fat inflation,” the ministry in the review stated. The report, released by …

Ajit Ranade: Inflation control holds primacy as an objective for RBI
4 weeks ago

Ajit Ranade: Inflation control holds primacy as an objective for RBI

Live Mint  

Not too long ago, a governor of the Reserve Bank of India said that his main job was to protect the value of your money. In this policy framework, called flexible inflation targeting, RBI had a mandate and a numerical target of an inflation band given by the government. And should not the numerical target of inflation exclude food and …

Govt evaluating impact of PDS ration on inflation
1 month ago

Govt evaluating impact of PDS ration on inflation

Hindustan Times  

New Delhi When Dubai got selected as the host for the World Expo 2020, Baskin Robbins declared it would serve everyone who walked into their outlets in the UAE a free scoop of ice-cream. India offers food grains to nearly 813 million needy people at zero price, or for free, under the National Food Security Act 2013. On Wednesday, officials …

Stable Inflation Is Bedrock for Sustained Growth Says RBI Gov
1 month ago

Stable Inflation Is Bedrock for Sustained Growth Says RBI Gov

Deccan Chronicle  

Mumbai: A stable inflation or price stability is in the best interest of the people and the economy. It acts as a bedrock for sustained growth, enhances the purchasing power of the people and provides a stable environment for investment, the Reserve Bank of India governor Shaktikanta Das said on Thursday. Addressing a high-level policy conference of central banks from …

Unchecked 'sticker shock' from inflation can hurt manufacturing and economy, RBI says
1 month ago

Unchecked 'sticker shock' from inflation can hurt manufacturing and economy, RBI says

Hindustan Times  

The Reserve Bank of India said if inflation is allowed to run unchecked, it can undermine the prospects of India's economy, especially for industry and exports. The Reserve Bank of India seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016 This comes after the headline consumer price index inflation rose above the upper …

India’s central bank should adhere to its inflation-targeting mandate
Trending News
1 month ago

India’s central bank should adhere to its inflation-targeting mandate

Live Mint  

Less than four years after the government concluded its review of India’s inflation-targeting regime in April 2021 and opted to keep both its target and nitty-gritty—its target range, indicator, etc—unchanged, its view of inflation targeting seems to be shifting. After commerce and industry minister Piyush Goyal and then finance minister Nirmala Sitharaman called for lower interest rates, on Tuesday chief …

Tomatoes, Onions, Gold Driving CPI Inflation Says CEA
1 month ago

Tomatoes, Onions, Gold Driving CPI Inflation Says CEA

Deccan Chronicle  

Mumbai: Chief Economic Adviser V Anantha Nageswaran on Tuesday said that the recent rise in Consumer Price Index -based inflation is primarily driven by a select few commodities. Nageswaran explained that excluding tomatoes, onions, potatoes, and gold and silver from the CPI calculation reveals a much lower headline inflation rate of just 4.2 per cent for October. While these items …

Inflation behaving more like a magician who tricks you again and again
1 month ago

Inflation behaving more like a magician who tricks you again and again

New Indian Express  

The main culprit is food inflation, which jumped to 10.87%, largely led by vegetable prices that rose by a staggering 42.18% in October. As Deputy governor Michael Patra noted, inflation will likely encounter a hump in the near months largely due to an adverse base and one-off shocks to prices of vegetables, edible oils and gram. The fact that inflation …

FM calls for affordable loans, says cost of borrowing ‘stressful’
1 month ago

FM calls for affordable loans, says cost of borrowing ‘stressful’

Live Mint  

Mumbai: In what appears to be a concerted nudge for interest rate cuts, Union finance minister Nirmala Sitharaman on Monday called for bank lending rates to be more affordable, the second senior minister to highlight the matter in less than a week. “.at a time when we want industries to ramp up and build capacities, our bank interest rates will …

Piyush Goyal wants RBI to cut interest rates. Shaktikanta Das responds
1 month, 1 week ago

Piyush Goyal wants RBI to cut interest rates. Shaktikanta Das responds

India Today  

Union Minister of Commerce and Industry Piyush Goyal shared his opinion that food price inflation should not play a role in the Reserve Bank of India's interest rate decisions. RBI Governor Shaktikanta Das had earlier warned that inflation risks could rise due to factors like food prices, indicating that a rate cut should not be assumed. RBI GOVERNOR SHAKTIKANTA DAS …

DC Edit | RBI may have to defer rate cut
1 month, 1 week ago

DC Edit | RBI may have to defer rate cut

Deccan Chronicle  

Consumer Price Index-based retail inflation has crossed the Reserve Bank of India’s comfort level of four per cent in October at 6.21 per cent, compared to 4.87 per cent in the year ago period. The 14-month high inflation figure in October dashed hopes of a repo rate cut by the Reserve Bank of India during its policy meeting in December. …

‘Absolutely flawed…’: RBI should boost growth with rate cut, says Union Minister Piyush Goyal; Governor Das responds
1 month, 1 week ago

‘Absolutely flawed…’: RBI should boost growth with rate cut, says Union Minister Piyush Goyal; Governor Das responds

Live Mint  

The Reserve Bank of India should cut the key benchmark interest rates to boost economic growth and look through the food prices while deciding on monetary policy, Union Minister of Commerce and Industry Piyush Goyal said. Growth needs a further impetus,” Piyush Goyal told the news portal, also stating that it's an “absolutely flawed theory” to consider food inflation while …

Rising food prices push India’s wholesale inflation to four-month high in Oct
Trending News
1 month, 1 week ago

Rising food prices push India’s wholesale inflation to four-month high in Oct

Live Mint  

India's wholesale price index -based inflation rose to a four-month high of 2.36% in October due to rising food prices, showed the ministry of commerce and industry's provisional data on Thursday. On a year-on-year basis, the core WPI print rose to 0.3% in October," said Rahul Agrawal, senior economist, Icra Ltd. Elevated food prices have also pushed India's retail inflation, …

India trade minister says central bank should cut rates, look through food prices
1 month, 1 week ago

India trade minister says central bank should cut rates, look through food prices

Live Mint  

MUMBAI, Nov 14 - India's central bank should cut interest rates to boost economic growth and look through food price while deciding on monetary policy, the trade minister said, the first time a government minister has backed calls to re-examine the nation's inflation targeting framework. Growth needs a further impetus," Piyush Goyal told news channel CNBC TV18 at an event …

All about the inflation spike: how, why & when
Trending News
1 month, 1 week ago

All about the inflation spike: how, why & when

Live Mint  

The consumer price index —or retail inflation—surged in October to 6.2%, breaching the Reserve Bank of India’s upper tolerance limit. Despite the RBI governor Shaktikanta Das’s warning of higher inflation in October, the 6.2% reading, which marks a 14-month high, came as a surprise. For the first time in 13 months, the inflation breached the 6% mark—the higher end of …

Mint Quick Edit | Inflation above 6%: There goes a December rate cut
1 month, 1 week ago

Mint Quick Edit | Inflation above 6%: There goes a December rate cut

Live Mint  

Reserve Bank of India governor Shaktikanta Das’s warning of inflation rising sharply in October has turned out prescient. With the headline reading now above RBI’s 6% upper tolerance limit, the odds of a rate cut in the monetary policy committee’s December meeting look bleak. Though the rate-setting panel recently shifted its monetary policy stance to neutral, it wouldn’t want inflationary …

Why October inflation numbers may delay RBI interest rate cut
1 month, 1 week ago

Why October inflation numbers may delay RBI interest rate cut

India Today  

India’s consumer price inflation rose to a 14-month high of 6.2 per cent in October, breaching the Reserve Bank of India’s target range of 2-6 per cent, driven by high food inflation. Food and beverages inflation stood at 9.7 per cent in October, in which the inflation on vegetables alone was over 42.2 per cent, a 57-month high. “With mixed …

Spectre of food inflation haunts the economy again
1 month, 1 week ago

Spectre of food inflation haunts the economy again

New Indian Express  

It appears that the common man will have to further tighten his consumption belt. Government data released Tuesday showed vegetable prices were the main culprit, as they shot up over 42 per cent in October from a year ago—higher than the 36 per cent rise in September. Coupled with oil prices rising 9.51 per cent, fruits, cereals and pulses, food …

Consumer inflation at 14-month high of 6.2%
Trending News
1 month, 1 week ago

Consumer inflation at 14-month high of 6.2%

Hindustan Times  

Retail inflation came in at 6.2% in October, the highest in 14 months, and outside the upper band of the Reserve Bank of India’s tolerance limit, primarily on account of higher food prices with potatoes, onions and tomatoes, stape vegetables all, driving the charge. The higher-than-expected number means that RBI’s Monetary Policy Committee is unlikely to cut rates in its …

Will October inflation push Q3 print above RBI’s forecast?
1 month, 1 week ago

Will October inflation push Q3 print above RBI’s forecast?

Live Mint  

At 6.21%, retail inflation in October breached the upper limit of the Reserve Bank of India’s target, for the first time since August 2023, thanks to an alarming rise in vegetable prices. According to ICRA chief economist Aditi Nayar, inflation is expected to exceed the Monetary Policy Committee’s estimate for the third quarter by at least 60-70 basis points. Inflation …

Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit
Top News
1 month, 1 week ago

Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit

ABP News  

Retail inflation climbed to 6.21 per cent in October, up from 5.49 per cent in the previous month, driven primarily by higher food prices, according to official data released on Tuesday. Data from the National Statistics Office revealed that inflation in the food basket surged to 10.87 per cent in October, compared to 9.24 per cent in September and 6.61 …

India’s retail inflation surges to 6.2% in October
1 month, 1 week ago

India’s retail inflation surges to 6.2% in October

The Hindu  

A 10.9% spike in food prices lifted India’s retail inflation to a 14-month high of 6.2% in October, from 5.5% in September, with prices of vegetables and edible oils escalating at a sharp pace not seen in recent years. October’s price rise pace marked a breach of the Reserve Bank of India’s upper tolerance limit for inflation, with rural India …

India's consumer inflation at 14-month high of 6.2%, first breach of RBI tolerance band since Aug 2023
1 month, 1 week ago

India's consumer inflation at 14-month high of 6.2%, first breach of RBI tolerance band since Aug 2023

Firstpost  

Last month, inflation had already surpassed the RBI’s medium-term target of 4 per cent for the first time since July. The October spike marks the first time in 14 months— since August 2023— that the inflation rate exceeded the Reserve Bank of India’s tolerance ceiling of 6 per cent. Upasna Bhardwaj, the Chief Economist at Kotak Mahindra Bank, Mumbai, said …

India’s 14-month high retail inflation fades hope of December rate cut
Trending News
1 month, 1 week ago

India’s 14-month high retail inflation fades hope of December rate cut

Live Mint  

New Delhi: India’s retail inflation accelerated in October to its highest in over a year largely due to heated food prices, tempering expectations of a rate cut when the central bank’s monetary policy panel meets early next month. India’s retail inflation also breached the Reserve Bank of India’s medium-term target of 2-6% for the first time in over a year—which, …

Can October CPI inflation numbers alter RBI’s monetary policy path?
1 month, 1 week ago

Can October CPI inflation numbers alter RBI’s monetary policy path?

Live Mint  

October CPI inflation: The spectre of inflation continues haunting investors as economists and experts expect India's Consumer Price Index -based inflation, also known as retail inflation, to inch closer to the RBI's upper tolerance band of 6 per cent. According to a Reuters poll of economists, a spike in vegetable and edible oil prices may have shot up India's CPI …

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