New Delhi, April 7 (IANS) The Reserve Bank of India (RBI) is likely to keep policy rates on pause as liquidity tools will take centre-stage in 2026, even as crude prices sit about 50 per cent above the central bank’s $70 per barrel assumption, a report said on Tuesday.”Current oil prices are 50 per cent above RBI’s assumption of $70/bbl. Despite this, we continue to see a high bar for monetary tightening,” the report from SBI Mutual Funds said.The AMC firm noted metals and mining as sectoral…
Latest Consumer Price Index News & Updates
New Delhi, April 5 (IANS) As the West Asia situation is still evolving, the Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming monetary policy committee (MPC) meeting next week (April 6-8), a report by SBI Research said on Sunday.As the first policy since the staring of US-Israel and Iran war, the RBI would be much careful in communicating its position.The Central Bank needs to “concomitantly explore the probability of conducting Operation Twist” that pushes up the …
Canberra, March 25 (IANS) Australia’s annual rate of inflation fell to 3.7 per cent in February, defying the expectation of economists who had forecast it would remain at 3.8 per cent.According to official data released by the Australian Bureau of Statistics (ABS) on Wednesday, the consumer price index (CPI) rose by 3.7 per cent in the year to February, down from the 3.8 per cent reported in December and January.The Australian Broadcasting Corporation reported earlier on Wednesday that financial…
Bhopal, March 13 (IANS) In a significant decision, the Madhya Pradesh government has approved revised stipend for the junior resident doctors in the government-run medical colleges and hospitals in the state, Deputy Chief Minister Rajendra Shukla said on Friday. He added that the revised stipend structure has been implemented from April 1, 2025, reflecting an increase in the stipends of junior doctors working in the state’s medical colleges based on a Consumer Price Index (CPI) factor of 2.94.De…
New Delhi, March 12 (IANS) India’s inflation rate, based on the new Consumer Price Index (CPI) series with 2024 as the base year, edged up to 3.21 per cent for February compared to the same month of the previous year, according to data released by the Ministry of Statistics on Thursday.There was an increase of 0.47 per cent in the CPI inflation in February compared to the revised figure of 2.74 per cent for January this year, when the new series was launched. However, there was a more than 10 pe…
New Delhi, March 10 (IANS) Overall inflation in Bangladesh rose to 9.13 per cent in February from 8.58 per cent in January, touching the highest level in 10 months, a report has said.The surge in inflation was driven by rising food prices ahead of Ramadan and election‑related spending, the report from Daily Star said.The Consumer Price Index rose above 9 per cent for the first time since May last year, marking the fourth consecutive monthly surge, since inflation touched a 39‑month low of 8….
New Delhi, March 10 (IANS) Gold and silver prices posted strong gains on Tuesday as the US dollar softened, and energy prices fell on signals from President Donald Trump that the conflict in the Middle East could be nearing an end.MCX gold April futures gained 1.15 per cent to Rs 1,62,150 per 10 grams around 12.15 pm on an intraday basis. Meanwhile MCX silver May futures gained 3.68 per cent to Rs 2,77,000 per kg.In international markets, spot silver climbed toward $82.50 per ounce, while spot g…
Mumbai, March 8 (IANS) The Indian stock markets’ sentiment will largely be shaped by persistent geopolitical tensions in the Middle East this week, and the bourses are expected to see volatile movements, analysts said on Sunday.Kuwait announced stopping oil production and refining output as tankers cannot transit the Persian Gulf due to threats from Iran. The Arab monarchy described the output reduction as a precautionary step, though it did not reveal the extent of the cut.Global investors are …
New Delhi, Feb 27 (IANS) BofA Global Research on Friday retained its FY26 GDP growth for India at 7.6 per cent, along with raising its FY27 GDP growth from 6.8 per cent to 7.4 per cent, reflecting a less adverse trade backdrop, and reasonably easy fiscal and monetary policy.This increase essentially represents lowering of risks to growth and resiliency to both private consumption and private investment. “While commodity prices are inching higher, even at current levels, we see room for monetar…
New Delhi, Feb 16 (IANS) India’s annual rate of inflation based on the Wholesale Price Index (WPI) was estimated at 1.81 per cent for January this year compared to the same month of the previous year, according to figures released by the Commerce and Industry Ministry on Monday.Positive rate of inflation in January is primarily due to an increase in prices of the manufacture of basic metals, other manufacturing, non-food articles, food articles and textiles, the official statement said.The mon…