Tag: consumer price index
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June retail inflation at 5%, May industrial output declines
New Delhi : Retail inflation in India touched the 5 per cent mark in June, compared to 4.87 per cent in May, even as industrial output in May grew at 3.2 per cent over the same month last year but declined as compared to rise of 4.9 per cent in April mainly on account of…
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Equities record mega intra-day gain in 2 years
Mumbai : The key Indian equity indices on Monday witnessed the biggest intra-day gains in around two years with the benchmark BSE Sensex index surging by over 600 points and the Nifty50 of the National Stock Exchange (NSE) by almost 200 points. According to market observers, across-the-board buying, as well as positive cues from the…
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December CPI inflation over 5.2%, dashing hopes of RBI rate cut
New Delhi : Continuing rise in food and fuel prices pushed India’s annual retail inflation rate over the five per cent-mark in December, official data showed on Friday, putting paid to hopes of an interest rate cut by the RBI in the near future. According to the data furnished by the Ministry of Statistics and…
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RBI may opt for status quo on rates
Mumbai : The Reserve Bank of India (RBI) is expected to keep its key interest rate unchanged in its next monetary policy review on Wednesday, in view of the consumer price index (CPI) inflation in August shooting up to 3.36 per cent, according to latest official data. While core inflation in August rose to 4.6…