“I would say most of the forecast will be retained. A lot of focus will be on the upcoming budget and the policy henceforth rather than expecting really meaningful on Friday’s policy,” says Tanvee Gupta Jain, Chief India Economist, UBS Securities India.Well, a rate cut or a rate action clearly is not on the cards, … Read more
New Delhi: Amid criticism over low rate of hike in MGNREGS wages, sources on Friday said the increase was calculated on the basis of Consumer Price Index for Agricultural Labour, which rose by around 7.7 per cent since last year. The Rural Development Ministry had notified new wage rates under the MGNREGS on Wednesday, with … Read more
India’s retail inflation likely eased to a three-month low of 5.09% in January on slowing food price rises and favourable base effects, according to economists polled by Reuters who also predicted a moderation in core inflation to 3.70%. The Reserve Bank of India, which held its repo rate at 6.50% for a sixth consecutive meeting … Read more
RICHMOND, Virginia: U.S. Federal Reserve officials took little fresh signal from consumer price data published on Thursday as they gauge whether inflation is headed firmly enough back to the central bank’s 2% target to allow them to reduce interest rates in coming months. Overall consumer price inflation on a 12-month basis rose to 3.4% in … Read more
