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.
Japanese Prime Minister Shinzo Abe said on Monday a majority of Group of Seven leaders agree on the need to deploy fiscal stimulus measures to boost global demand.
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.
According to the research report, after two successive years of drought, the prediction of above normal monsoon will bring cheers to every sphere of the economy.
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
The RBI needs to take into account the benign inflation as well as the government's commitment on fiscal discipline next fiscal while formulating its monetary policy...
Normal monsoon and subdued oil prices are expected to bring down retail inflation to around 5 per cent by the end of next fiscal, RBI Governor Raghuram Rajan said on Tuesday.
Reserve Bank of India's (RBI) target to bring down retail inflation at 5 per cent by March 2017 will face some risks from monsoon uncertainty and execution of 7th Pay Panel recommendations...
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
Reserve Bank of India (RBI) governor Raghuram Rajan said on Friday that the central bank has no intention to depart from the inflation framework that has been agreed with the government.
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
