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Mumbai, June 6 (SocialNews.XYZ) The RBI has revised its inflation outlook for 2025-26 downwards from the earlier forecast of 4 per cent to 3.7 per cent, Reserve Bank Governor Sanjay Malhotra said on Friday. Taking all these factors into consideration, and assuming a normal monsoon, CPI inflation for the financial year 2025-26 is now projected at 3.7 per cent, with Q1 at 2.9 per cent, Q2 at 3.4 per cent, Q3 at 3.9 per cent, and Q4 at 4.4 per cent. He pointed out that Inflation has softened sign ...Read More >
Mumbai, Jun 6 (PTI) The RBI on Friday cut inflation projections for the current fiscal to 3.7 per cent from the earlier estimate of 4 per cent, as it expects core inflation to remain benign with the easing of international commodity prices. The sub-4 per cent average retail inflation projection is the lowest in recent years. Also Read | Repo Rate Cut: Sensex Welcomes RBI Governor Sanjay Malhotra's Jumbo 50 BPS Rate Cut Announcement, Surges Over 500 Points. The RBI, which cut key policy rate b ...Read More >
Mumbai: The Reserve Bank of India (RBI), in its latest Monetary Policy Committee (MPC) meeting for FY2025-26, announced a 0.50 per cent cut in the repo rate, bringing it down to 5.5 per cent. Alongside this, key changes in CRR, inflation forecasts, and policy stance were also introduced to boost economic growth. Repo Rate Cut RBI reduced the repo rate by 0.50 per cent, bringing it down from 6.00 per cent to 5.50 per cent. This means loans may become cheaper for borrowers. CRR Cut for Liquidit ...Read More >
Stocktwits - The Reserve Bank of India (RBI) has cut repo rates by 50 basis points on Friday, June 6, from 6% to 5.50% - marking its third consecutive rate cut this year. And in a major boost for banks, it has also announced a 100 basis point cut in the Cash Reserve Ratio (CRR), bringing it down from 4% to 3%. This is expected to release ₹2.5 lakh crore of liquidity into the banking system by the end of November 2025. However, the MPC noted that the scope for further policy accommodation is li ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March. ...Read More >
Mumbai: The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March. The decline in inflation has broug ...Read More >
Sensex Today: Indian benchmark indices are set to trade cautiously on Friday, as investors brace for a mix of domestic and global triggers. Key focus areas include the Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) decision, fresh trade discussions between US President Donald Trump and China's Xi Jinping, institutional flows, and global market trends. As of 7:00 AM, GIFT Nifty futures were down 19 points at 24,843, suggesting a muted to slightly negative opening for the Indian ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March. ...Read More >
NEW DELHI: Former head of Air India and chairman of the Railway Board Ashwani Lohani is the new Prime Ministers Museum and Library (PMML) director. The official order for his appointment was issued on Wednesday. A 1980-batch officer of the Indian Railway Service of Mechanical Engineering (IRSME), Lohani is known for turning around various organisations during his illustrious career. Following his retirement from IRSME service, he joined the GMR Group as the CEO. According to the order dated Ju ...Read More >
Mumbai June 6: The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March. The decline in inflation has ...Read More >
Mumbai (Maharashtra) [India], June 6 (ANI): The Reserve Bank of India (RBI) Governor Sanjay Malhotra is set to announce the policy repo rate today at 10 AM in Mumbai, as the three-day Monetary Policy Committee (MPC) meeting comes to a close. This policy meeting comes at a time when inflation in the country has been steadily declining. According to the Ministry of Statistics and Programme Implementation, India's retail inflation fell to 3.16 per cent in April, compared to 3.34 per cent in March. ...Read More >
Bengaluru: The Karnataka government on Thursday took strong action against the police officers allegedly responsible for the Bengaluru stampede, suspending several high-ranking officials, including the city's police commissioner. Addressing a press conference, Chief Minister Siddaramaiah also announced a one-man commission to probe the lapses that triggered the deadly stampede. "Cubbon Park Police Station police inspector, station house master, station house officer, ACP, Central Division DCP, ...Read More >
Mumbai: Some economists are batting for an outsized rate cut-of half a percentage point instead of the customary quarter-as future price pressures appear benign and credit demand remains subdued. Economists from the State Bank of India and Piramal Enterprises are advocating a 50-basis-point (bps) reduction in the policy rates, due to be announced after the latest bi-monthly review Friday morning, even though an ET survey of a dozen bankers and economists indicates a 25 bps cut. One basis point ...Read More >
Mumbai (Maharashtra) [India], February 7 (ANI): RBI Governor Sanjay Malhotra on Friday said India can certainly achieve 7 per cent or above growth and that should be what the country should aspire for. "These are difficult questions to answer, but nevertheless, I would like to stick my neck out and say that certainly India can achieve 7 per cent plus growth rate, and we should certainly aspire for," RBI Governor said, when asked whether 7 per cent or above growth rate is achievable, at the post ...Read More >
New Delhi, Feb 4 (VOICE) The total farm area sown in the country under various rabi crops in the ongoing season so far has crossed 661.03 lakh hectares up from 651.42 lakh hectares in the same period of the previous year, according to official figures released by the Ministry of Agriculture & Farmers' Welfare on Tuesday. The area sown under wheat has shot up to 324.38 lakh hectares (ha) from 318.33 lakh ha during the corresponding period of last year which is expected to result in higher produc ...Read More >
With the latest inflow, net FPI investment has reached Rs 7,747 crore in 2024 so far, according to data with the depositories. Foreign investors have made a strong comeback to Indian equities with a net investment of Rs 22,766 crore in the first two weeks of December driven by expectations of rate cut by the US Federal Reserve. This revival follows significant outflows in the preceding months, with Foreign Portfolio Investors (FPIs) pulling out a net Rs 21,612 crore in November and a massive Rs ...Read More >
Dec 12 (Reuters) - Following is the text of European Central Bank President Christine Lagarde's statement after the bank's policy meeting on Thursday: Link to statement on ECB website: https://www.ecb.europa.eu/press/press_conference/monetary-policy-statement/2024/html/ecb.is241212~ce143b3bc8.en.html Good afternoon, the Vice-President and I welcome you to our press conference. The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the ...Read More >
Indian IT stocks surged on Thursday, with the Nifty IT index reaching a new high of 46,000. Companies like Coforge and Tech Mahindra led the gains, rising up to 4%, fueled by positive U.S. inflation data and hopes of a Fed rate cut. Several other IT firms also hit 52-week highs, defying the broader market trend.Indian IT stocks outperformed the broader market on Thursday, with the Nifty IT index hitting a new high of 46,000.Leading the charge were Coforge and Tech Mahindra, which surged up to 4% ...Read More >
Mumbai, Dec 13 (PTI) Benchmark indices Sensex and Nifty slumped on Friday morning dragged down by metal stocks, foreign fund outflows and weak global cues. The 30-share BSE benchmark Sensex tumbled 1,207.14 points to 80,082.82 in the late morning trade. The NSE Nifty tanked 367.9 points to 24,180.80. Also Read | Stock Market Today: Sensex, Nifty Fall More Than 1% As Global Risks Weigh on Market Sentiment. Among the 30-share Sensex blue-chip pack, JSW Steel, Tata Steel, IndusInd Bank, Bajaj Fi ...Read More >
Mumbai, Dec 13 (PTI) Benchmark indices Sensex and Nifty slumped on Friday morning dragged down by metal stocks, foreign fund outflows and weak global cues. The 30-share BSE benchmark Sensex tumbled 1,207.14 points to 80,082.82 in the late morning trade. The NSE Nifty tanked 367.9 points to 24,180.80. Among the 30-share Sensex blue-chip pack, JSW Steel, Tata Steel, IndusInd Bank, Bajaj Finserv, Axis Bank, Larsen & Toubro, ITC and Mahindra & Mahindra were the biggest laggards. Bharti Airtel and ...Read More >
New Delhi, Dec 12 (UNI) Easing of food prices, especially vegetables, the retail inflation eased to 5.48 percent in the month of November 2024 from 6.21 percent in the previous month, according to Consumer Price Index data released by the government on Thursday. During the month of November 2024, a significant decline in inflation is observed in the Vegetables, Pulses & Products, Sugar & Confectionary, Fruits, Eggs, Milk and Products, Spices, Transport & Communication, and Personal Care & Effec ...Read More >
New Delhi, Dec 12 (IANS) India's retail price inflation based on the Consumer Price Index (CPI) declined to 5.48 per cent in November as the increase in prices of food items eased during the month bringing relief to household budgets, said the Ministry of Statistics on Thursday. The slowing inflation marks a reversal of the increasing trend in the previous two months when the inflation rate touched 6.21 per cent in October. "During the month of November, a significant decline in inflation is o ...Read More >
NEW DELHI, Dec 12 (Reuters) - India's retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth. Retail inflation (INCPIY=ECI), opens new tab eased in November to 5.48%, lower than 6.21% in the previous month and below a 5.53% forecast by economists in a Reuters poll. Food inflation slowed down to 9.04% from 10.87% a month earlier. Food accounts for ne ...Read More >
New Delhi: India's consumer price index (CPI)-based inflation fell to 5.48 per cent in November, providing some relief after hitting a 14-month high in October. The decline was mainly due to a drop in vegetable prices as supply conditions improved. In October, inflation had surged due to high food prices and weak urban consumption, but November's data shows signs of stabilization. ...Read More >
New Delhi, Dec 12 (VOICE) India's retail price inflation based on the Consumer Price Index (CPI) declined to 5.48 per cent in November as the increase in prices of food items eased during the month bringing relief to household budgets, said the Ministry of Statistics on Thursday. The slowing inflation marks a reversal of the increasing trend in the previous two months when the inflation rate touched 6.21 per cent in October. "During the month of November, a significant decline in inflation is ...Read More >
(Reuters) -Wall Street's main indexes edged lower on Tuesday as investors anxiously awaited key inflation reports that could influence the Federal Reserve's interest rate decision next week. Among the S&P 500's 11 major industry sectors, communication services, up 2.5%, was the biggest gainer with a strong boost from Google-parent Alphabet, whose shares rose 5.3% after it unveiled a new-generation chip. The weakest sectors were rate-sensitive real estate, down 1.4%, and technology, down 1%. Te ...Read More >
Mumbai: Indian frontline indices closed on a flat note on Wednesday as investors are waiting for November CPI (Consumer Price Index) data, which will be released by the government on Thursday. At closing, Sensex was up 16 points at 81,526 and Nifty was up 31 points at 24,641. The broader market trend was positive. On the Bombay Stock Exchange (BSE), 2143 shares closed in the green, 1,839 settled in the red and 113 shares closed without change. Among the sectoral indices, Auto, IT, Fin Service ...Read More >
Mumbai, Dec 4 (PTI) Reserve Bank's high level panel on Wednesday started deliberations on the bi-monthly monetary policy amid expectations of status quo on interest rate as the retail inflation is above the upper tolerance level of the central bank. The decision taken at the RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) [...] Mumbai, Dec 4 (PTI) Reserve Bank's high level panel on Wednesday started deliberations on the bi-monthly monetary policy amid expectations ...Read More >
FRANKFURT (Reuters) - Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices. Some argue the U.S. trade barriers will push up the value of the dollar, making imports of key commoditie ...Read More >
RBI MPC Meeting December 2024: Experts say the MPC may set the stage for a February rate cut and ease some liquidity conditions this time. The RBI MPC's 3-day meeting is set to begin on Wednesday, December 4, and the monetary policy decision will be announced on December 6, the last day of the meeting. Economists expect the RBI's rate-setting committee to maintain the status quo on the key repo rate but they said the central bank might ease some liquidity conditions by cutting CRR or undertakin ...Read More >
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