Page 39 - Latest Updates on Inflation
Inflation outlook adverse, but economic contraction is over: RBI
The MPC now expects consumer price index-based inflation to average at 6.8% in the current quarter, and at 5.8% in January-March 2021
 "Inflation outlook adverse, but economic contraction is over: RBI")
RBI holds rates over inflation, assures ample liquity for stressed sectors
Das said the economy was rebounding faster than expected from a coronavirus-induced slump earlier in the year but warned signs of recovery were far from being broad based
 "RBI holds rates over inflation, assures ample liquity for stressed sectors")
High inflation amid muted GDP forecast could be a party pooper for markets
Given the RBI's projection on inflation, we may not see any further cut rate at least till mid-March 2021. It may also get postponed to next fiscal year
 "High inflation amid muted GDP forecast could be a party pooper for markets")
RBI policy: Clearly more sanguine on growth, but cautious on inflation
The curious message we get form the statement is that inflation is no longer the only target and we are back to the old days when both growth and inflation were targets for monetary policy
 "RBI policy: Clearly more sanguine on growth, but cautious on inflation")
RBI Monetary policy LIVE: FY21 GDP contraction outlook revised to 7.5%
RBI Monetary policy LIVE updates: MPC voted unanimously to keep rates unchanged, said RBI governor Shaktikanta Das. Stay tuned for all the LIVE updates
 "RBI Monetary policy LIVE: FY21 GDP contraction outlook revised to 7.5%")
RBI keeps repo rate unchanged at 4%; maintains accommodative stance
The RBI MPC voted unanimously to keep the key policy rate unchanged
 "RBI keeps repo rate unchanged at 4%; maintains accommodative stance")
Services sector grows for second straight month, but rate falls in Nov: PMI
Hiring reverses declining trend, services inflation accelerates
 "Services sector grows for second straight month, but rate falls in Nov: PMI")
RBI Monetary Policy: Here's what to expect from the December meeting
The members of the Reserve Bank of India's fourth bi-monthly monetary policy Committee began their three-day meeting today, and are expected to announce the outcome on Friday
RBI likely to keep policy rates unchanged, liquidity stance awaited
The overnight call money rate has fallen below the reverse repo rate on days on account of the excess liquidity in the banking system
 "RBI likely to keep policy rates unchanged, liquidity stance awaited")
October retail inflation for industrial workers increases to 5.91%
The retail inflation for industrial workers increased to 5.91 per cent in October.
 "October retail inflation for industrial workers increases to 5.91%")
More policy space can be created only when inflation eases, says MPC member
Inflation is being driven by supply-side problems and is likely to stay elevated for a while, Mridul Saggar said
Best of BS Opinion: Modi's 'Nehruvian half-blunder', Karnataka by-elections
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Modi's 'Nehruvian half-blunder', Karnataka by-elections")
Savings, profits, stocks can't stay high for long amid low income and interest rates
Things that cannot go on forever will not go on forever. There will be a change in the direction of the wind. One must hope it will be slow and calibrated, writes T N Ninan
RBI policymakers spar over high inflation forecasts, steep yield curve
For months now, inflation has exceeded the central bank's tolerance band and held it back from cutting rates
 "RBI policymakers spar over high inflation forecasts, steep yield curve")
Retail inflation refuses to cool down, prints 7.61% in October
Pulses, veggies, fuel, mobility and connectivity dominate price rise as economy recovers
 "Retail inflation refuses to cool down, prints 7.61% in October")
Retail inflation inches up to 7.61% in October on rising food prices
The rise in general inflation was mainly on account of elevated food prices
 "Retail inflation inches up to 7.61% in October on rising food prices")
Govt working on short, medium-term measures to control price rise: FM
Sitharaman said floods in certain districts have led to uptick in prices of perishable goods
 "Govt working on short, medium-term measures to control price rise: FM")
Falling vegetable prices give RBI respite from pressure on inflation, rates
The wholesale price for staples such as onions was 29 rupees (39 cents) a kilogram in New Delhi on Tuesday, down 29% from Nov. 1
 "Falling vegetable prices give RBI respite from pressure on inflation, rates")
China's inflation fails to perk up amid sluggish demand, economic challenge
On a monthly basis, producer inflation slowed to zero, compared with a 0.1% increase the previous month
 "China's inflation fails to perk up amid sluggish demand, economic challenge")
Turkey replaces central bank head as lira sees record lows, inflation rises
Turkish President Recep Tayyip Erdogan dismissed the head of the country's central bank following a period of high inflation and record lows for the lira
 "Turkey replaces central bank head as lira sees record lows, inflation rises")
