25 bps raise likely in Feb, before RBI hits status quo button, feel experts
Fruits and vegetables, protein-rich items such as eggs, meat and fish drag down prices; Core inflation eases for seventh consecutive month to 3.5%
The consumer price index reading supports forecasts for the Federal Reserve to reduce the pace of monetary tightening
The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs
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Core inflation inches up; manufacturing activity declines
MPC is said to have failed to achieve inflation target if average CPI inflation falls outside 2-6% range for three straight quarters. This was the case in the three quarters from Jan to Sept of 2022
The meeting was held ahead of the RBI's next monetary policy review, which is scheduled December 5-7
The MER, however, warned that the global macroeconomic situation remained precarious and a recession in many advanced economies would impact India's exports
Indian currency's recovery since US CPI leads to reversal of onshore-offshore arbitrage
May make MPC less hawkish on rate hike; WPI inflation dips to 19-month low of 8.39% in Oct
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A slower pace of rate hikes could curb the dollar's rally this year which has weakened its Group-of-10 currency peers
The data boosted other currencies against the dollar. The Japanese yen at one point climbed to its biggest single-day rise since 2008 and the British pound notched its biggest daily
The Department of Finance has developed a "downside scenario" that considers the impact of more persistent inflationary pressures and further tightening in monetary policy
Shaktikanta Das defends timing of rate hikes amid failure to meet inflation target
Annual food price inflation picked up to 85.8 per cent from 84.6 per cent in August, while prices of non-food items rose 62.8 per cent.
FPIs offloaded nearly Rs 2 trillion ($265 billion) in Indian equities during Samvat 2078, data show.
Canada's Consumer Price Index (CPI) rose 6.9 per cent in September on a year-over-year basis, decelerating from 7 per cent in August, Statistics Canada has said.