RBI Governor Raghuram Rajan today kept the key policy rate unchanged citing higher upside risks to 'inflation trajectory' but said the central bank will remain accommodative provided data are supportive.
With global commodities deflation bottoming out, the WPI inflation is likely to see an uptick in the current fiscal and is estimated at 7.1 per cent by March 2017, says a Bank of America Merrill Lynch report.
Wholesale price inflation remained negative for the 17th month in a row in March at -0.85%, though the extent of deflation reduced a bit with some pick-up in prices of both food and manufactured items.
The BSE Sensex surged over 500 points intraday on Wednesday as data showing easing inflation and a government forecast for an above-average monsoon rains sparked hopes for the economy and for more rate cuts by the central ban
RBI Governor Raghuram Rajan led Reserve Bank of India (RBI), in its monetary policy review, on December 1, 2015 had left the key interest rate unchanged following rise in retail inflation. Here are top 5 highlights from the
U.S. consumer prices unexpectedly fell in December as the cost of gasoline dropped and rents rose moderately, signs of weak inflation that further diminish expectations of a Federal Reserve interest rate hike in March. Other
Retail inflation has been picking up since August, mainly due to a surge in prices of items like lentils and posing a challenge to Prime Minister Narendra Modi, whose party recently lost local elections in Gujarat, the state
While maintaining that it expects the country to be the world's fastest growing major economy this year, Moody's believes that the market trends will depend on whether inflation remains under control and corporate profits rev