Tag Archives: inflation

Indian consumers turn more glum about future, less likely to spend: Survey

By | April 8, 2021

Indian consumers turned more pessimistic about the present and less gung-ho about the future, making them less likely to spend big in an economy that’s driven by domestic consumption. The current situation index fell to 53.1 in March from 55.5 in January, according to the Reserve Bank of India’s consumer confidence survey, where 100… Read More »

Economy recovering faster than expected, inflation needs to be tackled: RBI

By | December 24, 2020

Indian economy is recovering faster than expected and may post minor positive growth in the third quarter, but efforts need to be redoubled to fight inflation so that it doesn’t hurt the incipient growth impulses, according to the State of the Economy report in the December Bulletin of the Reserve Bank of India (RBI). … Read More »

Inflation outlook adverse, but economic contraction is over: RBI

By | December 4, 2020

Continuing its pause the policy rate and stance in its December meeting, the Reserve Bank of India’s monetary policy committee underlined that consumer inflation is on the higher side of expectation. The MPC now expects consumer price index-based (CPI) inflation to average at 6.8 per cent in the October-December period (current quarter), and at 5.8 per cent… Read More »

RBI likely to keep policy rates unchanged, liquidity stance awaited

By | December 1, 2020

By Swati Bhat MUMBAI (Reuters) – The Reserve Bank of India monetary policy committee is expected to leave interest rates unchanged when it meets on Friday, after data showing the economy contracting less than expected and persistently high inflation. Economists and market participants are closely watching the commentary from… Read More »

Retail inflation inches up to 7.61% in October on rising food prices

By | November 12, 2020

Driven by rising food prices, retail inflation inched up to 7.61 per cent in October, remaining above the comfort level of the Reserve Bank. According to the Consumer Price Index (CPI) data released by the government on Thursday, inflation stood at 7.27 per cent in September 2020. It was 4.62 per cent in October… Read More »