The consumer price index rose 0.6% from December, the Labor Department said, while in the 12 months through January, CPI jumped 7.5%, the biggest year-on-year gain since February 1982
The latest inflation data suggested to some economists that the Fed could raise its key rate in March by one-half a percentage point, rather than its typical quarter-point hike.
RBI status quo on rates sets it apart from most other central banks, which aren't only normalising liquidity but raising interest rates to tame inflation
European stocks were mostly higher or unchanged on the day, while U.S. futures pointed to small declines at the open on Wall Street
Currency market moves were small on Thursday as investors waited for key data on U.S. inflation to give clues on the Federal Reserve's policy tightening trajectory
Inflation is climbing across the world and India is no exception but price rises have stayed relatively tame by historical standards, allowing the RBI to leave interest rates unchanged for now.
World bond yields continued to ease from multi-year highs
Repo rate was left unchanged at 4 per cent and the reverse repo rate at 3.35 per cent
Rampant corruption, double digit inflation, policy paralysis were part of the dark age under Congress rule, says Sitharaman
All eyes are on US consumer price data for January due on Thursday that could provide more clarity on the Federal Reserve's rate hike trajectory
London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced
Spot gold XAU= was up 0.1% at $1,826.76 per ounce, as of 0725 GMT, holding near previous session's high of $1,828.68, the strongest level since Jan. 26
Prices of palm oil, the most-consumed edible oil in the world, have jumped 15% this year to a record
Spot gold rose 0.4% to $1,827.86 per ounce by 13:49 EST (1849 GMT), after hitting its highest since Jan. 26 at $1,828.12 earlier in the session.
Gold prices firmed on Tuesday as Russia-Ukraine concerns kept the safe-haven metal supported near the previous session's over one-week high
Markets are still alert for rate increases in both the euro zone and the United States after the European Central Bank last week was considered to have adopted a more hawkish tone.
Gold is considered a hedge against inflation and geopolitical risks, yet rate hikes would raise the opportunity cost of holding non-yielding bullion
The high spirits on the budget were short-lived as the global concerns have began weighing on equities.
The dollar index was flat, while benchmark 10-year U.S. Treasuries hit their highest levels since December 2019 on Friday.
Rates are rising because policy makers judge that the global inflation shock now poses a bigger threat than further damage to growth from Covid-19