Tag Archives: inflation

NEW DELHI: Govt is drawing comfort from its diversified oil purchases but is keeping close tabs on the situation in the Strait of Hormuz, which accounts for nearly a fifth of global oil consumption, in the wake of the US attack on Iran.The Strait – which serves as the primary export route for Persian Gulf producers such as Saudi Arabia, …

US consumer sentiment improved in June for the first time in six months, according to preliminary data released Friday by the University of Michigan, offering signs of economic stabilization as inflation remains subdued and trade tensions with China temporarily ease.The university’s closely watched Consumer Sentiment Index jumped to 60.5 in June from 52.2 in May — a 16% rise that …

NEW DELHI: The Reserve Bank of India (RBI) is likely to announce a third consecutive 25 basis points (bps) rate cut on June 6, amid easing inflation and global economic uncertainty driven by US tariff actions. With consumer price inflation remaining below the 4 per cent median target, experts believe the move would support growth during a period of external …

A currency broker stands near his booth, which is decorated with pictures of currency notes, while dealing with customers, along a road in Karachi.— Reuters/File Fitch upgrade testament to macroeconomic stabilisation in FY25. Revenue growth outpaced expenditure, reducing fiscal deficit. C/A posted $1.9bn surplus, with robust exports, remittances. Ministry of Finance and Revenue expects inflation to ease to between 1.5% …

Market watchers will focus on crucial inflation data due Tuesday, including India’s CPI and the US Core CPI figures. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, tanked in opening trade on Tuesday a day after an over 3.5% rally. While Nifty50 went below 24,800, BSE Sensex was below 82,000. At 9:30 AM, Nifty50 …

Ajit Mishra of Religare Broking says, “Despite weak global cues, markets are displaying resilience.” (AI image) Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened in green on Thursday. While BSE Sensex was above 74,100, Nifty50 was near 22,500. At 9:18 AM, BSE Sensex was trading at 74,151.24, up 121 points or 0.16%. Nifty50 was at …

Vegetarian thali cost saw a 1% reduction year-on-year in February. In some relief for the common man, the cost of a home-cooked vegetarian thali declined year-on-year in February, according to CRISIL’s latest monthly indicator of food plate cost, RRR (Roti Rice Rate). The cost of a non-vegetarian thali, however grew approximately 6% due to rise in broiler (chicken) prices, the …

European Central Bank (Photo-AP) The European central bank (ECB) reduced interest rates by 25 basis point on Thursday, aiming to stimulate economic activity as the eurozone grapples with sluggish growth. This move, which lowers borrowing costs for both consumers and businesses, comes amid mounting concerns about the impact of potential trade conflicts with the US and rising defence spending.The ECB’s …

MUMBAI: RBI governor Sanjay Malhotraassured markets that the central bank would provide all the liquidity required to ensure that interest rates are passed on. In his first media interaction, he provided a peek into his thought process. Excerpts:What gives you optimism about growth?We analyse all parameters regularly, including high-frequency indicators.Whether one looks at agriculture – with good reservoir levels – …

The Federal Reserve kept its benchmark lending rate unchanged at between 4.25 percent and 4.50 percent on Wednesday, despite pressure from President Trump for further cuts in the first rate decision following his return to office.The central bank said that the unemployment rate has “stabilized at a low level in recent months, and labor market conditions remain solid,” while admitting …