Page 13 - Latest Updates on Inflation
Benchmark yield at 1 month high as RBI worry over inflation hurts sentiment
The benchmark 10-year yield ended at 7.3164%, the highest since Nov. 21 and after ending at 7.2867% on Wednesday
 "Benchmark yield at 1 month high as RBI worry over inflation hurts sentiment")
Indian shares extend losses amid concerns of Covid-19 cases, inflation
Indian shares extended fall for a third straight session, with broad-based declines, after the Reserve Bank of India's latest monetary policy minutes revealed strong concerns about inflation and Covid
 "Indian shares extend losses amid concerns of Covid-19 cases, inflation")
Turkish President Erdogan vows to sharply ease inflation next year
Turkish President Recep Tayyip Erdogan has pledged to sharply slow the inflation in the coming months and relieve Turkish citizens of the burden of a high cost of living.
 "Turkish President Erdogan vows to sharply ease inflation next year")
Elections not a factor for monetary policy: RBI governor at BFSI Summit
Direction and speed of inflation important, not just number: Shaktikanta Das
 "Elections not a factor for monetary policy: RBI governor at BFSI Summit")
MPC members voice different views on interest rate and stance: RBI minutes
Governor Das said due to persistent core inflation, there is no room for complacency and the battle against inflation is not over
 "MPC members voice different views on interest rate and stance: RBI minutes")
Covid-19, growth concerns push Sensex 635 pts down, Nifty below 18,200
CLOSING BELL: The Pharma index advanced over 2 per cent today as diagnostics and healthcare firms climbed amid rising Covid-19 cases globally
 "Covid-19, growth concerns push Sensex 635 pts down, Nifty below 18,200")
Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350
CLOSING BELL: Adani Enterprises, TCS, Axis Bank, Reliance Industries, ICICI Bank, IndusInd Bank, Nestle India, Ultratech Cement, SBI, and Infosys helped the frontline indices rebound
 "Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350")
Centre set to offer wheat to millers, biscuit makers to tame prices: Report
Wheat prices have surged in India this year after a sudden rise in temperatures hit crop yields and output
 "Centre set to offer wheat to millers, biscuit makers to tame prices: Report")
AAP prepares pitch for 2024 elections at its National Council met
The meeting concluded with the National Council noting the party's achievements over the last decade and passing resolutions against rising inflation and unemployment and Chinese aggression
 "AAP prepares pitch for 2024 elections at its National Council met")
Statsguru: Energy to food prices, 6 charts explain India's inflation woes
In terms of food prices, India seems to be doing much better than the Western economies, owing to it being less dependent on imports
 "Statsguru: Energy to food prices, 6 charts explain India's inflation woes")
IMF approves $3-bn loan to Egypt amid high inflation, forex funds shortage
The International Monetary Fund (IMF) has said that its executive board had approved a loan to Egypt of about $3 billion over 46 months
 "IMF approves $3-bn loan to Egypt amid high inflation, forex funds shortage")
Markets extend losses amid recession fears, indices dip second week on trot
Commentary by central banks on their resolve to tame inflation rattles investors, who were hoping that interest rates have peaked
 "Markets extend losses amid recession fears, indices dip second week on trot")
Mexico's central bank hikes interest rate by 50 basis points to 10.50%
The central bank of Mexico (Banxico) raised the key interest rate once again to counter domestic inflationary pressure and the impact of a flagging global economy
 "Mexico's central bank hikes interest rate by 50 basis points to 10.50%")
Rice, wheat inflation continue to rise contrary to overall inflation
The retail inflation rate in wheat rose to 19.67 per cent in November from 17.64 per cent in October
 "Rice, wheat inflation continue to rise contrary to overall inflation")
Sensex drops 879pts, Nifty near 18,400 on Fed's hawkish pivot; IT worst hit
CLOSING BELL: The 30-pack index had dropped over 900 points intra-day to hit a low of 61,715.61, while the 50-pack index hit a low of 18,388
Govt wants to discuss global warming over joblessness: TMC MP Derek O'Brien
TMC MP Derek O'Brien on Thursday listed a slew of issues that the opposition parties want to discuss in Parliament and claimed that the government only wants to discuss global warming
 "Govt wants to discuss global warming over joblessness: TMC MP Derek O'Brien")
Finnish inflation rate hits highest since 1983; consumer prices rise by 9%
Inflation in Finland has continued to accelerate, with consumer prices rising by 9.1 per cent in November compared to a year ago, the highest since 1983, according to official figures
 "Finnish inflation rate hits highest since 1983; consumer prices rise by 9%")
Inflation to decline more; govt on track to meet fiscal deficit target: FM
FM Sitharaman exuded confidence that inflation would further decline and the government is on track to meet its budgetary target for deficit and said that there is no fear of stagflation in India
 "Inflation to decline more; govt on track to meet fiscal deficit target: FM")
Dollar wallows at six-month lows ahead of last Fed meeting of 2022
After raising interest rates by 75 basis points at four successive meetings, the US central bank is widely expected to deliver a 50 bp increase later in the day
 "Dollar wallows at six-month lows ahead of last Fed meeting of 2022")
ADB keeps India's GDP growth unchanged at 7% for current financial year
Inflation in India is still expected to rise to 6.7 per cent in 2022-23 before falling back to 5.8 per cent
 "ADB keeps India's GDP growth unchanged at 7% for current financial year")
