Page 41 - Latest Updates on Inflation
Labour unions ramp up efforts to take on Centre over rising prices
Inflation becoming difficult to tame, says BMS; CITU, AITUC plan to hold protest on I-Day eve
 "Labour unions ramp up efforts to take on Centre over rising prices")
Inflation and market condition are still concerns: HUL CMD Sanjiv Mehta
Mehta also suggested that the government could use the "huge amount of reserves" to prevent the rupee from depreciating rapidly.
 "Inflation and market condition are still concerns: HUL CMD Sanjiv Mehta")
RIL, banks lift Sensex 246 pts, Nifty tops 16,300; Rupee ends at 79.95/$
CLOSING BELL: The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India
 "RIL, banks lift Sensex 246 pts, Nifty tops 16,300; Rupee ends at 79.95/$")
Euro rallies after report that bigger ECB rate hike is on the cards
The euro rose to as high as $1.0254, up 1.1% on the day and its strongest since July 6 as money markets priced in a 60% chance of a 50 basis point hike on Thursday, up from 25% on Monday.
 "Euro rallies after report that bigger ECB rate hike is on the cards")
Markets should be able to withstand inflation up to 8%: Credit Suisse
The key risks to India's economy, and thus the markets, stem from crude oil prices and a worsening balance-of payment situation, Credit Suisse analysts said
 "Markets should be able to withstand inflation up to 8%: Credit Suisse")
Goldman Q2 profit halves but beats estimates as fixed-income trading shines
Investment banking revenue fell 41% to $2.14 billion in the quarter
 "Goldman Q2 profit halves but beats estimates as fixed-income trading shines")
RS proceedings adjourned for today following disruption by Opposition
Rajya Sabha proceedings were adjourned for the day on the first day of the Monsoon Session on Monday following sloganeering and disruption by Congress MPs over issues like price rise and GST
 "RS proceedings adjourned for today following disruption by Opposition")
Monsoon Session from today: Govt lists 32 bills, Oppn seeks Agnipath debate
Union Minister Prahlad Joshi has listed the government's business for the monsoon session, which includes 14 pending bills and 24 new bills
 "Monsoon Session from today: Govt lists 32 bills, Oppn seeks Agnipath debate")
Surprise tightening in Asia increases pressure on dovish central banks
Singapore and the Philippines both tightened their monetary policies in emergency moves after data showed inflation in the US was running hot and the Federal Reserve was considering another large hike
 "Surprise tightening in Asia increases pressure on dovish central banks")
Central banks: Redeeming credibility
Central banks seem to have forgotten that there is one role, viz. controlling inflation, which is solely their responsibility
22 states, UTs see rise in inflation, despite marginal reduction overall
Lakshadweep was the only UT where the urban inflation rate was in double digits in June
 "22 states, UTs see rise in inflation, despite marginal reduction overall")
Group representing Indian crypto exchanges to be dismantled: Report
The Internet and Mobile Association of India (IAMAI) is dismantling BACC after disagreement and allegations that crypto exchanges were not following an internal code of conduct
 "Group representing Indian crypto exchanges to be dismantled: Report")
June WPI-based inflation cools to 15.18% from May's four-decade high
June WPI inflation of 15.18 per cent comes on the back of a high base of 12.07 per cent for the same month in 2021
 "June WPI-based inflation cools to 15.18% from May's four-decade high")
Global recession fears may ease inflationary pressures: Govt report
CAD will deteriorate if crude prices don't come down
 "Global recession fears may ease inflationary pressures: Govt report")
US inflation impact: Global recession fears to cool WPI inflation in India
Impact on CPI inflation to come later, rupee depreciation to negate some of this impact
 "US inflation impact: Global recession fears to cool WPI inflation in India")
Rupee falls to 79.88 against dollar with 100 bps Fed hike on cards
The domestic currency, which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday
 "Rupee falls to 79.88 against dollar with 100 bps Fed hike on cards")
Oil prices fall ahead of potential large US rate hike, possible inflation
Brent crude futures for September were down 18 cents to $99.39 a barrel at 0727 GMT after settling below $100 for the second straight session on Wednesday
 "Oil prices fall ahead of potential large US rate hike, possible inflation")
Inflation in Asia Pacific economies to subside early: Moody's Analytics
Inflation in Asia Pacific economies is expected to subside earlier as commodity prices retreat, but country-specific factors could lead to different inflation outcomes, said Moody's Analytics
 "Inflation in Asia Pacific economies to subside early: Moody's Analytics")
Oil prices tick down in early trade as inflation woes take centre stage
Brent crude futures for September fell 20 cents, or 0.2%, to $99.37 a barrel by after gaining 8 cents on Wednesday.
 "Oil prices tick down in early trade as inflation woes take centre stage")
Farm to Fork: Consumers curb discretionary spends to combat inflation
Households are repaying debt and replacing costlier loans with cheaper options; rising costs are taking a toll on ability to save enough
 "Farm to Fork: Consumers curb discretionary spends to combat inflation")
