The US Federal Reserve held interest rates steady on Wednesday and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming. Indeed, Fed Chair Jerome Powell said that after starting 2024 with three months…
Governor Shaktikanta Das said the RBI has identified high inflation as a major risk to macroeconomic stability and sustainable growth and remains resolutely focused on aligning inflation to the 4% target on a durable basis. (PTI/File) RBI Governor Shaktikanta Das said the monetary policy committee has decided to keep the repo rate unchanged at 6.5%….
The Reserve Bank of India on Friday (October 6) decided to keep the policy rate unchanged for the fourth time in a row as it maintains a tight vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes aggregating to 250 basis points since May 2022. Also Read: RBI…
Curated By: Business Desk Last Updated: September 25, 2023, 15:53 IST The poverty rate in Pakistan has grown from 34.2% to 39.4% in one year. In the past week, prices for chicken, onions, garlic, petrol and diesel rose, while prices for sugar, bananas, tomatoes, wheat flour, cooking oil and tea saw a decline. According to…
Raghav Chadha argued that Delhi’s fight was successful as chief minister Arvind Kejriwal provided a shield that protected citizens from the ‘arrows’ of inflation. (PTI) Compared to the all India average of 8.63 per cent, Delhi had the lowest combined inflation of 3.09 per cent, followed by Assam at 4 per cent and West Bengal…
The report said the prices of thalis could drop in September as tomato retail price has halved month-on-month to Rs 51 per kg. (Representative image) The cost of a non-vegetarian thali rose 13 per cent year-on-year. Higher tomato prices pushed up the cost of vegetarian thali by 24 per cent in August compared to the…
Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices. The dual announcements from Riyadh and Moscow pushed benchmark Brent crude above $90 a barrel in trading Tuesday afternoon, a price…
Last Updated: September 06, 2023, 07:56 IST Prime Minister Narendra Modi during an exclusive interview with moneycontrol.com (Image/News18) Prime Minister Narendra Modi said in the exclusive interview with moneycontrol.com that his government has taken a number of steps to control inflation and is continuing to make pro-people decisions to boost ease of living, pointing to…
New Delhi: Finance Minister Nirmala Sitharaman on Friday said India’s economic growth in the first quarter of this fiscal should be good and that the government’s priority is to tame inflation, which has touched a 15-month high. Addressing business leaders in the national capital, she said that green shoots of private capital expenditure upcycle can be…
Curated By: Business Desk Last Updated: August 24, 2023, 20:35 IST The stock has seen a surge of 78% in the last three months. The stock had hit a fresh 52-week high of Rs 719 per share on August 18. Every individual wants to earn wealth in order to attain financial independence and security in…