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RBI Keeps Rates Unchanged, Lowers GDP Growth Forecast

On Friday, the Reserve Bank of India (RBI) announced it would keep the repo rate unchanged at 6.5% for the 11th consecutive time. This decision comes despite the GDP growth rate for the July-September quarter falling to a 7-quarter low of 5.4%, which was below the RBI's earlier projection of 7%. The RBI paused its rate hike cycle in April last year after raising rates by 250 basis points since May 2022. In the fifth bi-monthly monetary policy review for the current fiscal year,

Finance & Economics

06 Dec 2024 04:02 AM

RBI Keeps Rates Unchanged, Lowers GDP Growth Forecast

On Friday, the Reserve Bank of India (RBI) announced it would keep the repo rate unchanged at 6.5% for the 11th consecutive time. This decision comes despite the GDP growth rate for the July-September quarter falling to a 7-quarter low of 5.4%, which was below the RBI's earlier projection of 7%. The RBI paused its rate hike cycle in April last year after raising rates by 250 basis points since May 2022. In the fifth bi-monthly monetary policy review for the current fiscal year,

Finance & Economics

RBI to Hold Repo Rate, May Cut CRR Amid Slower Growth and High Inflation

The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%. Though a repo rate cu

Finance & Economics

02 Dec 2024 10:09 AM

RBI to Hold Repo Rate, May Cut CRR Amid Slower Growth and High Inflation

The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%. Though a repo rate cu

Finance & Economics

Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

In just two days, equity investors faced a staggering loss of ₹13 lakh crore in market valuation as the BSE benchmark Sensex saw a sharp 2.27% drop. The benchmark index shed 1,805.2 points, with a 984.23-point decline on Wednesday, November 13, 2024, ending at 77,690.95. Experts cited soaring retail inflation, which hit a 14-month high of 6.21% in October, persistent foreign fund outflows, and muted corporate earnings as the primary reasons behind the significant market correction

Finance & Economics

13 Nov 2024 21:46 PM

Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

In just two days, equity investors faced a staggering loss of ₹13 lakh crore in market valuation as the BSE benchmark Sensex saw a sharp 2.27% drop. The benchmark index shed 1,805.2 points, with a 984.23-point decline on Wednesday, November 13, 2024, ending at 77,690.95. Experts cited soaring retail inflation, which hit a 14-month high of 6.21% in October, persistent foreign fund outflows, and muted corporate earnings as the primary reasons behind the significant market correction

Finance & Economics

October Job Growth Slows to 12,000 Amid Hurricanes and Strikes, Raising Concerns Ahead of Election

In October, the U.S. economy added just 12,000 jobs, marking the slowest job growth since late 2020, as hurricanes and labor strikes affected employment. The nonfarm payrolls increase fell sharply from September and was well below the Dow Jones estimate of 100,000, according to the Bureau of Labor Statistics (BLS). This is the smallest monthly gain since December 2020. The unemployment rate held steady at 4.1%, matching expectations. A broader measure of unemployment, which includes

Political News

04 Nov 2024 06:58 AM

October Job Growth Slows to 12,000 Amid Hurricanes and Strikes, Raising Concerns Ahead of Election

In October, the U.S. economy added just 12,000 jobs, marking the slowest job growth since late 2020, as hurricanes and labor strikes affected employment. The nonfarm payrolls increase fell sharply from September and was well below the Dow Jones estimate of 100,000, according to the Bureau of Labor Statistics (BLS). This is the smallest monthly gain since December 2020. The unemployment rate held steady at 4.1%, matching expectations. A broader measure of unemployment, which includes

Political News

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

Inflation inched up in September, approaching the Federal Reserve’s target, according to a Commerce Department report released Thursday. The personal consumption expenditures (PCE) price index, the Fed’s preferred inflation measure, rose by 0.2% for the month on a seasonally adjusted basis. Year-over-year, inflation was at 2.1%, aligning with Dow Jones forecasts. While the Fed's goal remains a 2% annual inflatio

Money & Investments

01 Nov 2024 05:31 AM

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

Inflation inched up in September, approaching the Federal Reserve’s target, according to a Commerce Department report released Thursday. The personal consumption expenditures (PCE) price index, the Fed’s preferred inflation measure, rose by 0.2% for the month on a seasonally adjusted basis. Year-over-year, inflation was at 2.1%, aligning with Dow Jones forecasts. While the Fed's goal remains a 2% annual inflatio

Money & Investments

India's Wholesale Inflation Surges in September: Food Prices Drive Growth | WPI, Inflation, Food Prices, Economic Trends

India's wholesale inflation experienced a notable increase in September, driven largely by rising food prices, as reported by the Ministry of Commerce and Industry. The Wholesale Price Index (WPI) climbed by 1.84% compared to 1.31% in August on a year-on-year basis. This uptick in inflation comes amidst a broader context of economic fluctuations. The inflation rate for manufactured products, which constitutes a significant portion of the index, saw a slower growth rate of 1% in

Business

14 Oct 2024 05:21 AM

India's Wholesale Inflation Surges in September: Food Prices Drive Growth | WPI, Inflation, Food Prices, Economic Trends

India's wholesale inflation experienced a notable increase in September, driven largely by rising food prices, as reported by the Ministry of Commerce and Industry. The Wholesale Price Index (WPI) climbed by 1.84% compared to 1.31% in August on a year-on-year basis. This uptick in inflation comes amidst a broader context of economic fluctuations. The inflation rate for manufactured products, which constitutes a significant portion of the index, saw a slower growth rate of 1% in

Business

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions. In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,

Business

09 Oct 2024 12:41 PM

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

The Reserve Bank of India (RBI) is taking a cautious approach to inflation management following a slight rise in the latest inflation readings. During a policy address on Wednesday, RBI Governor Shaktikanta Das emphasized the need to keep inflation on a "tight leash" due to potential upside risks stemming from adverse weather conditions and ongoing geopolitical tensions. In August, India's retail inflation, measured by the Consumer Price Index (CPI), edged up to 3.65%,

Business

Understanding Inflation: Causes, Effects, and Strategies for Investors

Understanding Inflation: Causes, Effects, and Strategies for Investors Inflation is a persistent increase in the general price level of goods and services in an economy over a period of time. While moderate inflation is considered normal and even desirable for economic growth, high or volatile inflation can erode purchasing pow

Money & Investments

28 Oct 2024 23:12 PM

Understanding Inflation: Causes, Effects, and Strategies for Investors

Understanding Inflation: Causes, Effects, and Strategies for Investors Inflation is a persistent increase in the general price level of goods and services in an economy over a period of time. While moderate inflation is considered normal and even desirable for economic growth, high or volatile inflation can erode purchasing pow

Money & Investments

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#us-inflation

RBI Keeps Rates Unchanged, Lowers GDP Growth Forecast

RBI Keeps Rates Unchanged, Lowers GDP Growth Forecast

RBI to Hold Repo Rate, May Cut CRR Amid Slower Growth and High Inflation

RBI to Hold Repo Rate, May Cut CRR Amid Slower Growth and High Inflation

Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

October Job Growth Slows to 12,000 Amid Hurricanes and Strikes, Raising Concerns Ahead of Election

October Job Growth Slows to 12,000 Amid Hurricanes and Strikes, Raising Concerns Ahead of Election

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

India's Wholesale Inflation Surges in September: Food Prices Drive Growth | WPI, Inflation, Food Prices, Economic Trends

India's Wholesale Inflation Surges in September: Food Prices Drive Growth | WPI, Inflation, Food Prices, Economic Trends

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

Understanding Inflation: Causes, Effects, and Strategies for Investors

Understanding Inflation: Causes, Effects, and Strategies for Investors

BJP to Issue Notices to Absentee MPs Over ‘One Country One Election Bill’

Young Minds to Tackle Global Challenges at Innovation Showcase in San Francisco

California Egg Producer Recalls Eggs Over Salmonella Outbreak Concerns

Arctic outbreak grips U.S. as subzero temperatures spread from the Plains to the East

Texas deploys National Guard and DPS troops to Austin ahead of protest

Do Senators Get Paid During Shutdowns? New Senate Rule Explained

Redwood Valley earthquake June 24: M5.6 quake triggers alerts

US Supreme Court Rejects Tahawwur Rana’s Final Plea Against Extradition to India for 26/11 Role

Gold and Silver Lose $2 Trillion: A Look into the $2 Trillion Market Wipeout

“Butter Chicken Tsunami” Comment Triggers Debate Over Immigration and Trade

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BJP to Issue Notices to Absentee MPs Over ‘One Country One Election Bill’

Young Minds to Tackle Global Challenges at Innovation Showcase in San Francisco

California Egg Producer Recalls Eggs Over Salmonella Outbreak Concerns

Arctic outbreak grips U.S. as subzero temperatures spread from the Plains to the East

Texas deploys National Guard and DPS troops to Austin ahead of protest

Do Senators Get Paid During Shutdowns? New Senate Rule Explained

Redwood Valley earthquake June 24: M5.6 quake triggers alerts

US Supreme Court Rejects Tahawwur Rana’s Final Plea Against Extradition to India for 26/11 Role

Gold and Silver Lose $2 Trillion: A Look into the $2 Trillion Market Wipeout

“Butter Chicken Tsunami” Comment Triggers Debate Over Immigration and Trade

#us-inflation

RBI Keeps Rates Unchanged, Lowers GDP Growth Forecast

RBI Keeps Rates Unchanged, Lowers GDP Growth Forecast

RBI to Hold Repo Rate, May Cut CRR Amid Slower Growth and High Inflation

RBI to Hold Repo Rate, May Cut CRR Amid Slower Growth and High Inflation

Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

Market crash: Investors become poorer by ₹13 lakh crore; Sensex tanks 2.27% in two days

October Job Growth Slows to 12,000 Amid Hurricanes and Strikes, Raising Concerns Ahead of Election

October Job Growth Slows to 12,000 Amid Hurricanes and Strikes, Raising Concerns Ahead of Election

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

Key inflation rate hits 2.1% in September, as expected, closing in on Fed target

India's Wholesale Inflation Surges in September: Food Prices Drive Growth | WPI, Inflation, Food Prices, Economic Trends

India's Wholesale Inflation Surges in September: Food Prices Drive Growth | WPI, Inflation, Food Prices, Economic Trends

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

RBI's Stance on Inflation: A Tight Leash Amid Rising Risks

Understanding Inflation: Causes, Effects, and Strategies for Investors

Understanding Inflation: Causes, Effects, and Strategies for Investors

BJP to Issue Notices to Absentee MPs Over ‘One Country One Election Bill’

Young Minds to Tackle Global Challenges at Innovation Showcase in San Francisco

California Egg Producer Recalls Eggs Over Salmonella Outbreak Concerns

Arctic outbreak grips U.S. as subzero temperatures spread from the Plains to the East

Texas deploys National Guard and DPS troops to Austin ahead of protest

Do Senators Get Paid During Shutdowns? New Senate Rule Explained

Redwood Valley earthquake June 24: M5.6 quake triggers alerts

US Supreme Court Rejects Tahawwur Rana’s Final Plea Against Extradition to India for 26/11 Role

Gold and Silver Lose $2 Trillion: A Look into the $2 Trillion Market Wipeout

“Butter Chicken Tsunami” Comment Triggers Debate Over Immigration and Trade

Popular Cities