New Delhi, March 24 (IANS) The Indian rupee opened higher against US dollar on Tuesday after US President Donald Trump announced a five-day pause of strikes on Iranian power and energy infrastructure.The domestic currency was trading at Rs 93.64 to the dollar, as compared to the record low of Rs 93.98 to the dollar in the previous trading session.According to analysts, the market has welcomed the five-day pause but not with conviction, and any signs of further de-escalation could pull the USD/IN…
Latest inflation News & Updates
Chennai, March 22 (IANS) BJP spokesperson C. R. Kesavan on Sunday reacted strongly to Leader of Opposition (LoP) in the Lok Sabha Rahul Gandhi’s remark that the Prime Minister Narendra Modi-led government “has neither direction nor strategy”.Gandhi, in a post on X on Saturday, alleged that the fuel prices and prices of everyday items, including production and transport, will increase as a result of the ongoing West Asia conflict. In addition to this, he said that MSMEs and the stock market will …
New Delhi, March 21 (IANS) The Asian Development Bank’s (ADB) announcement of a $10 billion credit for Pakistan over five years highlights the country’s continued reliance on external funding even as its peer nations grow out of such dependencies, a new report has said.”Experts have noted that countries once considered Pakistan’s peers are now able to self-finance growth, while we need to borrow to pay for basic infrastructure development,” the report from The Express Tribune noted.The finan…
New Delhi, March 21 (IANS) India’s overall economic position remains stable despite rise in fuel prices, and crude oil prices will be crucial in shaping the country’s external balance in FY27, a report said on Saturday.A sustained rise in global crude oil prices could widen India’s current account deficit (CAD), the report from Brickwork Ratings said.Rising crude prices are likely to weigh on growth and inflation, the report said, adding that India’s CAD is estimated at 1.3 per cent of G…
New Delhi, March 20 (IANS) Economic fragility in Pakistan has reached a critical stage following the US–Israel war with Iran due to the drastic escalation in oil prices and the surge in the trade gap, a Pakistani media report said.In terms of per capita income, economic growth rate, dwindling exports and low foreign exchange reserves, Pakistan is in dire straits, according to an article in the Lahore-based Friday Times.Pakistan’s economic fragility is reflected in its GDP growth rate, which …
Mumbai, March 20 (IANS) Gold and silver on Friday witnessed a substantial rise in prices, with both precious metals gaining 3 per cent amid hopes of easing tensions in West Asia.On the Multi Commodity Exchange (MCX), gold futures (April 2) touched an intra-day high of Rs 1,48,302 per 10 grams at around 10:45 am, up 2.30 per cent or Rs 3,348. During the session so far, gold hit a low of Rs 1,47,401. At the last count, the yellow metal was trading at Rs 1,47,534, up Rs 2,580 or 1.78 per cent.Simil…
Washington, March 19 (IANS) Federal Reserve Chair Jerome Powell said the US central bank was keeping interest rates unchanged as it monitored the fallout from higher oil prices and broader uncertainty linked to the conflict in the Middle East. Powell on Wednesday (local time) said the Federal Open Market Committee decided to keep its policy rate unchanged because the current stance remained appropriate. He said the US economy was expanding at “a solid pace”, even as inflation stayed above ta…
New Delhi, March 13 (IANS) India’s GDP is expected to grow 7.5 per cent in the fiscal year ending March 2026 higher than 7.4 per cent forecasted earlier, due to resilient domestic demand even as activity showed tentative slowing in January and February, a report said on Friday.Credit rating agency Fitch Ratings said domestic demand will drive the growth, with consumer spending and investment expected to expand by 8.6 per cent and 6.9 per cent, respectively, in FY26.High frequency indicators in…
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…
Seoul, March 12 (IANS) Heads of South Korean display makers said on Thursday they are closely monitoring the potential fallout of the US-Iran war amid concerns that the Middle East conflict could trigger inflation and push up production costs.”If the war lasts longer, the price burden of raw materials will rise significantly,” Samsung Display Chief Executive Officer (CEO) Yi Chung told reporters ahead of the general meeting of the Korea Display Industry Association held in Seoul.”While condition…