Inflation

86% global CEOs expect a recession next year: Survey

These leaders were asked about their strategies and outlook during the survey. Over the next year, more than 8 out of 10 (86 per cent) global CEOs anticipate a recession to hit, with 71 per cent predicting it will impact company earnings by up to 10 per cent, said the survey.

Oct 05, 2022, 15:46 PM IST

Inflation may fall to 5.2% next fiscal on normal rains, ease in supplies sans no exogenous shocks: RBI report

The central bank is mandated to keep retail inflation in a range of 2-6 per cent.

Oct 02, 2022, 14:07 PM IST

SBI increases lending rate by 50 basis points post RBI's repo rate hike; Axis bank also raises interest rates on FDs

SBI has announced to hike lending rate by 50 basis points after RBI increased repo rate on Friday to 5.90%. Joining the league, Axis bank has also increased interest rates on FDs under Rs 2 crore.

Oct 02, 2022, 10:08 AM IST

Weakening rupee to make import of crude oil, commodities expensive, fuel inflation

India's trade deficit more than doubled to USD 27.98 billion in August due to increased crude oil imports.

Sep 25, 2022, 17:58 PM IST

Indian Rupee has held up very well against US Dollar compared to others amid volatility: FM Nirmala Sitharaman

Sitharaman was in Pune to review a meeting of centrally sponsored schemes. The Indian rupee fell to an all-time low against the US dollar on Friday, breaching the 81 mark, as the greenback strengthened on the back of the Federal Reserve repo rate hike.

Sep 25, 2022, 07:25 AM IST

Rupee slides to 80 mark again following US Fed rates hike

Meanwhile, the Indian currency rupee breached the psychologically crucial 80 mark again to touch another fresh all-time of 80.44 against the US dollar against its previous day close of 79.97. This sharp depreciation was because of the current strength in the US dollar Index.

Sep 22, 2022, 16:26 PM IST

ADB cuts India's GDP growth forecast for FY23 to 7 pc on high inflation, monetary tightening

The ADB expects the Chinese economy to expand by 3.3 per cent in 2022 rather than the 5 per cent forecast earlier. Lockdowns from the zero-COVID strategy, problems in the property sector, and weaker external demand continue weighing on the economic activity in China, said the report.

Sep 21, 2022, 14:38 PM IST

RBI will take responsible steps to keep inflation in reasonable range: Economic Advisory Council member Sanjeev Sanyal

Sanyal pointed out that in several countries inflation is much higher, in some cases, it is feared to go into double digits. UK inflation, for example, may go into the range of 18-20 per cent, which is very high.

Sep 17, 2022, 18:02 PM IST

'He is quicker than the CHEETAH': Asaduddin Owaisi's dig at PM Narendra Modi

Asaduddin Owaisi makes fun of PM Narendra Modi: AIMIM chief Asaduddin Owaisi has said that Prime Minister "moves faster than the cheetah when issues like inflation or unemployment are raised"

Sep 14, 2022, 18:59 PM IST

Wholesale price inflation at 11-month low, eases to 12.41% in August

Wholesale price inflation eased to 12.41 percent in August as against 13.93 percent in July, government data showed on Wednesday. At 12.41 percent, Wholesale price inflation dropped to 11-month low in August.

Sep 14, 2022, 12:37 PM IST

Retail inflation rises to 7 per cent in August on high food prices

The RBI is deemed to have failed in its mandate if the average inflation remains outside the 2-6 per cent band for three consecutive quarters.

Sep 12, 2022, 19:25 PM IST

Domestic banks should keep more capital for worst-case scenario amid global financial uncertainties, says RBI governor

Governor praised both state-owned and private banks have played important role in the past two years tapping the markets to raise funds and informed that the capital adequacy of banks was comfortable at an aggregate level.

Sep 03, 2022, 13:11 PM IST

India’s inflation will go downward in future, says RBI governor Shaktikanta Das

Das, on the other hand, refused to comment on initiatives that might be announced following the upcoming policy meeting.

Sep 03, 2022, 11:15 AM IST

Govt bans export of wheat flour, maida, semolina, more to curb rising prices; Read details

Russia and Ukraine are the major exporters of wheat, accounting for around one-fourth of the global wheat trade. The war between the two countries has led to global wheat supply chain disruptions, thus increasing the demand for Indian wheat.

Aug 28, 2022, 13:12 PM IST

Sony increases PlayStation 5 price in select countries including India; Here is all you need to know

Sony on Thursday said that it is increasing the price of Play Station 5 (PS5) in select markets due to the global economic environment, including high inflation rates. The PS5 was launched in India for Rs 39,990 for the Digital Edition and Rs 49,990 for the Blu-ray version.

Aug 26, 2022, 12:35 PM IST