Page 33 - Latest Updates on Inflation
Dollar index volatile after Fed's Jerome Powell comments on inflation
Powell struck a hawkish tone, as was widely expected, and said that the Fed's overarching focus is to bring price pressures back down to the Fed's target of 2%.
 "Dollar index volatile after Fed's Jerome Powell comments on inflation")
Focusing on inflation to make central banks' job easier: Raghuram Rajan
He said issues such as climate change and employment are peripheral to the central bank mandate and could be better dealt with direct polices.
 "Focusing on inflation to make central banks' job easier: Raghuram Rajan")
Crypto wrap: Expect high volatility as inflation still a worry, say experts
Volatility in the crypto market comes at a time when the share markets too were showing high volatility, globally
 "Crypto wrap: Expect high volatility as inflation still a worry, say experts")
Centre restricts wheat flour exports to stabilise soaring local prices
India's cabinet approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement
 "Centre restricts wheat flour exports to stabilise soaring local prices")
Despite 22% jump in 3 months, analysts see more upside in Nifty PSB index
Among individual shares, Bank of Baroda, Canara Bank, State Bank of India, Indian Bank, and Union Bank of India soared between 21 per cent and 34 per cent during the period
 "Despite 22% jump in 3 months, analysts see more upside in Nifty PSB index")
Indian job market unfazed by inflation, hiring up 29% in Q1: Report
In line with the employee sentiment, 89 per cent of employers interviewed said inflation will not change the way companies hire and pay employees
 "Indian job market unfazed by inflation, hiring up 29% in Q1: Report")
Sony increases PS5 price in select countries amid high inflation rates
Japanese tech giant Sony on Thursday said that it is increasing the price of Play Station 5 (PS5) in select markets due to the global economic environment, including high inflation rates
 "Sony increases PS5 price in select countries amid high inflation rates")
Sensex tanks 709 pts from day's high, ends 311 pts down; Nifty holds 17,500
F&O Expiry: 25 of the 30 Sensex constituents and 34 of the 50 Nifty constituents ended in the negative territory including Adani Ports, Bajaj Finance, IndusInd Bank, Infosys, TCS, Axis Bank, and HDFC
 "Sensex tanks 709 pts from day's high, ends 311 pts down; Nifty holds 17,500")
Australian shoppers shift to cheaper goods amid multi-decade high inflation
Woolworths' biggest competitor, Coles, painted a similar picture in their end-of-year results
 "Australian shoppers shift to cheaper goods amid multi-decade high inflation")
Global bond inflows to emerging Asian markets signal shift in outlook
In August, global funds have poured $1.4 billion into Indonesia bonds in the first net addition in six months, while India has seen them loading up on rupee notes of $680 million
 "Global bond inflows to emerging Asian markets signal shift in outlook")
Sensex up 54 pts, Nifty holds 17,600; NDTV gains 5%, Adani Enterprises 4%
CLOSING BELL: Technically, shares of NDTV have rallied four-fold since December 2021, staging one of its biggest rally since 2007-08
 "Sensex up 54 pts, Nifty holds 17,600; NDTV gains 5%, Adani Enterprises 4%")
Why urban families earning Rs 1L a month should be considered low income
Those who the govt thinks are rich are actually quite poor, and we need to rethink our notions of rich and poor for tax purposes
RBI aims to bring down inflation to 4% in two years: Shaktikanta Das
Central bank hopes to achieve its objectives without too much 'growth sacrifice', he says
 "RBI aims to bring down inflation to 4% in two years: Shaktikanta Das")
Inflation, rates may hit $114-billion firm debts: Standard and Poor's
'Deterioration in credit profile may not lead to large-scale defaults even in stressed scenario'
 "Inflation, rates may hit $114-billion firm debts: Standard and Poor's")
Is India ahead of 'unacceptably and uncomfortably high' phase of inflation?
The state of the economy report authored by RBI staff said the fall in the inflation rate in July was a heartening development
 "Is India ahead of 'unacceptably and uncomfortably high' phase of inflation?")
Euro slumps to two-decade lows against dollar as energy crisis bites
China's yuan weakened to a two-year low, while sterling briefly touched its weakest since March 2020.
 "Euro slumps to two-decade lows against dollar as energy crisis bites")
Weaker German, French economic data compound energy and euro woes
The S&P flash composite PMI, which tracks manufacturing and services, showed that a downturn in Germany, Europe's biggest economy, deepened in August due to high inflation and rising interest rates.
 "Weaker German, French economic data compound energy and euro woes")
India bond yields up for fourth day in a row as inflation, US yields weigh
The benchmark 10-year government bond yield ended at 7.2811%. The yield has risen 9 basis points in last three sessions and had ended at 7.2702% on Monday.
 "India bond yields up for fourth day in a row as inflation, US yields weigh")
Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%
CLOSING BELL: RIL, ICICI Bank, M&M, SBI, Bajaj twins, and Titan were the stocks that supported the indices
 "Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%")
LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.5%
The revisions come amid a rising interest rates scenario, which has seen the RBI hiking its key lending rate by 1.40 per cent since May to tame inflation.
 "LIC Housing Finance, Bajaj Housing Finance hike lending rates by 0.5%")
