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0.50% cut in policy rate by March quarter: Morgan Stanley

0.50% cut in policy rate by March quarter: Morgan Stanley

Inflation in India is expected to fall to 4.5 percent by the quarter ended March 31, and this in turn would give Reserve Bank space to cut key policy rates by 50 basis points this fiscal, says a Morgan Stanley report.

Costlier food items push June WPI inflation to 1.62%

Costlier food items push June WPI inflation to 1.62%

Costlier vegetables, pulses and sugar pushed WPI inflation for the third straight month in June to 1.62 percent, queering the pitch for the Reserve Bank to reduce rates in its August policy meet.

Global cues, jewellers' buying push gold prices up by Rs 200

Global cues, jewellers' buying push gold prices up by Rs 200

Gold prices rose for the second straight day today, gaining ₹ 200 to ₹ 30,550 per 10 grams 

Economy may expand by 7.8% in 2017-18: UN report

Economy may expand by 7.8% in 2017-18: UN report

Indian economy is projected to expand by 7.6 percent in 2016-17 and accelerate to 7.8 percent in 2017-18, mainly on the back of domestic consumption demand aided by steady employment and a relatively low inflation, a UN report for the Asia-Pacific said Thursday.

Watching inflation, monsoon to decide interest rate: Raghuram Rajan

Watching inflation, monsoon to decide interest rate: Raghuram Rajan

RBI is closely watching inflation data as well as monsoon rain forecasts for deciding on further interest rate cuts and the monetary policy still remains in the "accommodative mode", Governor Raghuram Rajan has said.

Industry pitches for more rate cuts as WPI remains negative

With inflation continues to be in the negative zone, India Inc today pitched for further easing of policy rates during the current year by Reserve Bank.

Inflation stays negative for 15 straight month; slips to (-)0.9% in January

Inflation stays negative for 15 straight month; slips to (-)0.9% in January

This is the 15th straight month since November 2014 that deflationary pressure persisted and wholesale inflation has remained in the negative zone.

 

Industrial output growth in negative territory for 2nd month, CPI inflation hardens

Industrial output growth in negative territory for 2nd month, CPI inflation hardens

Remaining in the negative zone for the second month, industrial output in December shrank 1.3 percent while retail inflation in January edged up to a 16-month high, prompting the industry to call for urgent policy action in the forthcoming Budget to spur revival.

RBI Governor Raghuram Rajan goes with panel on rate status quo

RBI Governor Raghuram Rajan goes with panel on rate status quo

Four of the five external members of RBI's Technical Advisory Committee had favoured status quo in interest rate and Governor Raghuram Rajan went along with them while deciding the bi-monthly policy earlier this month.

Inflation completely under control in India: CEA

Inflation completely under control in India: CEA

Inflation is completely under control and it is well within the target of the Reserve Bank, Chief Economic Adviser Arvind Subramanian said Wednesday.

Pulses' prices shoot up to Rs 200 per kg

India at present is facing a 20 lakh ton deficit in pulses and the price is reaching heights with more than ₹200/ kg

Inflation expected to remain within RBI's indicative trajectory: FICCI

Dr. Suri said the wholesale price index based inflation rate remained unchanged at (-) 2.4 percent in June 2015.

Another 0.5% of rate cut in 1st half of 2015 likely: Experts

The ongoing slowdown in inflation momentum has given room for the Reserve Bank to adopt a more accommodative monetary policy and cut policy rates by 50 basis points in the first half of this year, experts believe.

Lower oil prices to spur economic growth in India: Moody's

Global credit rating agency Moody`s Investors Service Wednesday said the lower oil prices is expected to alleviate India`s high inflation and spur economic growth.

India's war on inflation still not won: Raghuram Rajan

India's war on inflation still not won: Raghuram Rajan

The Reserve Bank of India (RBI) still has a way to go in fighting inflation and it is important that the central bank has the credibility to bring down inflation if it picks up, Governor Raghuram Rajan said.

Improving macro-economics to boost investors' confidence: PHD Chamber

According to the industry chamber`s President Alok B.Shriram, the macro-economic situation of the country has improved in terms of inflation, industrial output (IIP), core infrastructure and exports.

RBI could have cut rate by greater margin: Nirmala

She said the rate cut by the Reserve Bank shows that economy is now showing a sustained level of revival and inflation is also being controlled and was not fluctuating.

No desire to reduce stake in PSU banks: Govt

Government on Monday said it has no desire to reduce its stake in public sector banks at "current valuation".

RBI can't flip-flop on interest rate: Raghuram Rajan

Rajan, who has kept the key policy rate at 8 percent since January, said India has not fully solved the supply side problems and hence people will get more inflation over time.

Inflation hits zero level, lowest in over 5-years

Declining prices of vegetables and fuel items pulled down the inflation to zero level in November, the lowest in about five and half years, exerting pressure on RBI to cut rates to boost growth.