Tag «Inflation»

Inflation pullback boosts RBI’s easy money policy before Oct policy meeting

Inflation pullback boosts RBI's easy money policy before Oct policy meeting

By Administrator_India Capital Sands India’s headline rate of inflation eased in August as food prices cooled, boosting the case for the central bank to keep interest rates lower for longer to support economic growth. Consumer prices rose 5.3% last month from a year earlier, the Statistics Ministry said in a statement on Monday. That was the slowest rate since …

WPI inflation rises to 8-month high of 1.48% on pharma, metal prices

By Administrator _India Capital Sands The wholesale price index-based (WPI-based) inflation rate rose for the third straight month to an eight-month high of 1.48 per cent in October from 1.32 per cent in the previous month. Economists said the WPI data enforced the case for the status quo in the Reserve Bank of India’s policy …