Either inflation has to come down on its own or we will have to raise the rate, or it will be a combination of the two, says MPC member Varma
Investors are now looking toward potential triggers that may set the likely trajectory for equity markets in the second half of 2022.
Stock market LIVE updates: The broader markets suffered more losses than the frontline indices. The BSE MidCap and SmallCap indices shed 0.5 and 0.7 per cent, respectively.
The euro was at $1.044, after losing 0.75% on the dollar the day before, and heading for a monthly decline of 2.7%
In a chat with Business Standard's Manojit Saha, external MPC member Jayant R Verma said that the country will have to tolerate a modest growth sacrifice now as the RBI fights inflation. Listen in
Energy and food costs drove Spanish inflation to 10% last month -- defying government efforts to curb it and raising pressure on Prime Minister Pedro Sanchez
Stating that all states are aware of the potential impact of rate rationalisation on inflation, Sitharaman said any increase in tax rates will also make up for the tax burden.
The rupee settled at a new low of 78.77 per US dollar against the previous close of 78.35 per US dollar
Although gold is considered a hedge against inflation and economic uncertainties, rate hikes dim bullion's appeal by increasing the opportunity cost of holding the asset which pays no interest.
Additional shipments from India, the world's biggest exporter of sugar after Brazil, could weigh on raw sugar futures, which are trading near their lowest in four months.
With new inflation figures due out Friday, Lagarde said the bank is using the dual approach to be able to respond to economic uncertainty.
The monetary policy committee more than doubled the key rate to 200% from 80%, Governor John Mangudya said in a statement on Monday
The conduct of monetary policy is not based on simplistic binaries, particularly during times of extraordinary uncertainty
The current operating environment remains highly volatile and persistent inflation will likely impact demand across categories, Tata Consumer Products Ltd Chairman N Chandrasekaran said
Surging energy and food prices mean inflation in many places is now its hottest in decades
The US Fed might be able to get the job done at a lower cost than is widely feared
Leading economies at risk of falling into high-inflation trap, says Bank for International Settlements
Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity in the second quarter.
There are two insurmountable hurdles in the path of RBI's independence on monetary policy. These hurdles make committees redundant
The RBI Dy Governor says war in Europe threatens to 'snuff out' global economic recovery post the Covid-19 pandemic