Consumer price inflation rose in June after three consecutive months of moderation due to a spike in vegetable prices halting a disinflationary trend underway in the economy, Reserve Bank of India officials led by deputy governor Michael D. Patra wrote in the July edition of RBI Bulletin. Headline inflation Headline inflation measured by on year changes in the all-India consumer …
Indian government bond yields edged lower today while rupee jumped sharply against the US dollar after a cooler-than-expected rise in US consumer prices buoyed bets for a slowdown in rate hikes by the Federal Reserve. The US data comes after India's retail inflation reading showed a moderation, rising 5.88% in November against a 6.77% increase in October. Similar to retail …
The Reserve Bank of India on Wednesday raised the benchmark lending rate by 35 basis points to 6.25 per cent in a bid to tame inflation, which has remained above its tolerance level for the past 11 months. In all, the RBI has raised the benchmark rate by 2.25 per cent since May this year. The Consumer Price Index based …
The RBI’s Monetary Policy Committee on Friday unanimously decided to raise the repo rate by 50 basis points to 5.4 per cent with immediate effect while focussing on the withdrawal of accommodation. It was imperative for the RBI to hike rates as it has a clear focus on getting inflation down to its ceiling of 6 per cent.’ Inflation Forecast …
Even as the retail inflation is hovering at an eight-year-high level of 7.79 per cent remaining above the Reserve Bank of India’s target limit for the fourth consecutive month in April, the Monetary Policy Committee is now expected to continue with its rate hikes going forward. The Consumer Price Index -based inflation, which the RBI takes as a reference point …
