Page 26 - Latest Updates on Inflation
RBI monetary policy: Repo rate hiked by 50 bps, here is what it tells us
RBI Policy: Shaktikanta Das announced the RBI MPC's decision to hike the repo rate by 50 basis points to 5.9% and slash the GDP forecast for FY23 to 7% from 7.2% earlier
 "RBI monetary policy: Repo rate hiked by 50 bps, here is what it tells us")
RBI policy: Repo rate hiked by 50 bps to 5.9%; FY23 GDP forecast cut to 7%
CPI inflation for the current financial year is seen at 6.7%, with the price gauge seen at 7.1% in July-September
 "RBI policy: Repo rate hiked by 50 bps to 5.9%; FY23 GDP forecast cut to 7%")
RBI policy review LIVE: Inflation forecast for FY23 remains unchanged
RBI Monetary Policy Live update: This would be the fourth hike in the policy repo rate by the Reserve Bank of India, which is currently at 5.4%
 "RBI policy review LIVE: Inflation forecast for FY23 remains unchanged")
Rothschild plans to hire 7 bankers in India before year-end for expansion
The expansion comes as India's dealmaking is bucking a global downturn driven by concerns over heightened inflation and a potential recession
 "Rothschild plans to hire 7 bankers in India before year-end for expansion")
RBI policy: How inflation, repo rate and demand are linked to each other
With the RBI MPC expected to announce its decision on Friday, we explain how inflation, repo rate and demand are linked to each other
RBI to hike repo rate by 50 bps for 3rd time in a row as rupee slumps
The Reserve Bank of India's six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%, according to 24 of 35 economists surveyed by Bloomberg as of Wednesday.
 "RBI to hike repo rate by 50 bps for 3rd time in a row as rupee slumps")
ECB policymakers may put hike of 75 bps on table at October meeting
The ECB lifted interest rates by a combined 125 bps at its past two meetings, the fastest pace of policy tightening on record, but inflation may still be months from its peak
 "ECB policymakers may put hike of 75 bps on table at October meeting")
New Pakistan finance minister vows to tame inflation and cut interest rates
Ishaq Dar says no one will be 'allowed to play' with currency market, sees Pakistan's rupee currency is undervalued
 "New Pakistan finance minister vows to tame inflation and cut interest rates")
Household savings in India dip to lowest in five year as inflation persists
As compared to 15.9 per cent in FY21, the gross financial savings of households in India stood at 10.8 per cent in FY22
 "Household savings in India dip to lowest in five year as inflation persists")
IMF tells UK to 're-evaluate' unfunded tax cuts as global criticism mounts
Prime Minister Liz Truss's decision to cut taxes by the most since the early 1970s and cover them via borrowing at a time of surging inflation has rattled financial markets and drawn concern
 "IMF tells UK to 're-evaluate' unfunded tax cuts as global criticism mounts")
ADB commits $14 billion to ensure food security in Asia Pacific
ADB said it will continue to invest in other activities which contribute to food security such as energy transition, transport, environmental management, health and education.
 "ADB commits $14 billion to ensure food security in Asia Pacific")
Reducing govt spending holds the key to fixing India's inflation worries
If the finance ministry wants private investment to revive, it must make things easy for it and resist the temptation to go on spending just because it can
Robust demand for luxury products exposes widening inequality in India
Consumer-goods makers are reporting robust demand for items priced nearly $2,000 in a nation where per-capita income is just a tad above that level
 "Robust demand for luxury products exposes widening inequality in India")
Rupee ends beyond 81 against dollar for the first time; lags EM peers
RBI may have sold around $1 bn, but experts see pace of intervention declining
 "Rupee ends beyond 81 against dollar for the first time; lags EM peers")
Energy, inflation crises risk pushing big economies into recession: OECD
In a bleak report titled Paying the price of war, the Paris-based organisation noted that the conflict aggravated inflationary pressure when the cost of living was already rising quickly.
 "Energy, inflation crises risk pushing big economies into recession: OECD")
OECD, S&P keep India's economic growth forecasts unchanged for FY23
S&P noted that India's domestic recovery from Covid-19 would continue to support growth in FY23
 "OECD, S&P keep India's economic growth forecasts unchanged for FY23")
Top headlines: Rupee at new low; Unilever CEO to quit end of next year
From rupee touching a new low to Unilever CEO quitting by end of next year; here are the top headlines this evening
 "Top headlines: Rupee at new low; Unilever CEO to quit end of next year")
Unilever CEO Alan Jope to retire at end of 2023 after GSK setback
Jope, a long-term veteran of the consumer goods company, will leave after only five years in the role, with no named successor currently in place
S&P projects India's FY23 GDP growth at 7.3%, pegs inflation above 6%
S&P Global Ratings projected India's economic growth at 7.3% in current fiscal with downside risks and said inflation is likely to remain above RBI's upper tolerance threshold
India's gold demand may cross China's: World Gold Council's John Reade
In a Q&A, the council's Global Chief Market-Strategist said the price of gold will face headwinds in the near future
 "India's gold demand may cross China's: World Gold Council's John Reade")
