INFLATIONS

  • RBI surprises by cutting repo rate by 25 basis points, hints lowering rates further January 15, 2015

    New Delhi: The Reserve Bank of India cut its repo interest rate by 25 basis points to 7.75 per cent in a surprise move on Thursday, making its first reduction in a year as inflation showed signs of slowing and the government was making efforts to contain the fiscal deficit. The...
  • RBI cuts repo rate by 25 basis points to 7.75% with immediate effect January 15, 2015

    Mumbai: The Reserve Bank of India on Thursday surprised the market by cutting repo rate by 25 basis points to 7.75 per cent from 8 per cent, with immediate effect, ahead of its policy review on February 3. "Households' inflation expectations have adapted, and both near-term and longer-term inflation expectations...
  • A rate cut seems to be on the anvil soon: Finance Ministry January 14, 2015

    The Finance Ministry has said that there is no reason why a rate cut cannot happen when RBI reviews policy on February 3. They say slower than expected pace of inflation has given RBI enough elbow room. ...
  • December WPI At 0.11%, food inflation at 5.2% Vs 0.63% in November January 14, 2015

    New Delhi: India's wholesale price inflation inched up to 0.11 per cent in December, snapping a six-month easing trend as food costs jumped up year-on-year, government data showed on Wednesday. Wholesale prices unexpectedly didn't advance in November. The reading for October wholesale price inflation was revised to 1.66 per cent from 1.77...
  • Indian industry picks up, inflation under control January 13, 2015

    India's economic outlook got a boost on Monday after data showed industrial output made an impressive recovery and retail prices rose at a slower-than-expected pace, lending credence to Prime Minister Narendra Modi's sales pitch to global investors. ...
  • December retail inflation picks up to 5 per cent on higher food costs January 12, 2015

    New Delhi: Annual consumer price inflation accelerated for the first time in five months in December to 5.0 per cent, driven by higher food costs, government data showed on Monday. The data compared with a 5.4 per cent annual rise predicted by analysts. Consumer food price inflation, under a new series published...
  • Finance Minister Arun Jaitley denies pressuring RBI to cut rates December 30, 2014

    Mumbai/ New Delhi: Finance Minister Arun Jaitley denied on Tuesday that he was pressuring the Reserve Bank of India (RBI) into cutting interest rates, after his comment that the high cost of capital was stifling investment sent markets into a tizzy. Jaitley, in a speech in Delhi on Monday, said "costly...
  • RBI pitches for structural reforms; sees 6 per cent inflation in 2015 December 29, 2014

    Mumbai: Pitching for structural reforms to reinforce investor confidence, RBI on Monday said falling inflation and political stability have helped check the macroeconomic vulnerabilities, while retail inflation is expected to stabilise near 6 per cent level in 2015. The central bank, however, flagged lower revenue mobilisation this fiscal as a...
  • Modi government succeeded in containing inflation: Amit Shah December 19, 2014

    Palakkad: BJP President Amit Shah claimed that the Narendra Modi government has succeeded in containing inflation and strengthening the economy of the country. Addressing a public meeting organised at the Kota maiden here as part of the state leaders meeting, Shah said inflation that stood at 7 per cent has...
  • Wholesale price inflation hits a zero, lowest in over five years December 15, 2014

    New Delhi: Wholesale price inflation hit a zero level in November, the lowest in about five and half years, on account of decline in prices of food, fuel and manufactured items. The Wholesale Price Index (WPI) based inflation was at 1.77 per cent in October and 7.52 per cent in November...
  • November retail inflation at record low of 4.38 per cent December 12, 2014

    New Delhi: India's annual consumer price inflation eased for a fourth straight month in November to 4.38 per cent, its lowest level since the government started releasing the data in 2012, government data showed on Friday. The latest number was lower than a poll forecast of 4.50 per cent and October's...
  • India likely to grow between 5-6 per cent in 2015: Moody's December 10, 2014

    New Delhi: Indian economy is expected to pick up pace in 2015 and grow in the range of 5 to 6 per cent, helped by strong domestic demand, rating agency Moody's said on Wednesday. "India will have stronger GDP growth in 2015, which we forecast at 5-6 per cent, up from...
  • RBI sets 6 pc consumer price index target for 2016 December 2, 2014

    Mumbai: The Reserve Bank of India (RBI) has set a target of 6 per cent for consumer price index by 2016, said RBI Governor Raghuram Rajan adding that inflation is near comfort zone. Talking to Network18, the RBI Governor said inflation has been on the glide path. "We are seeing positive...
  • RBI Governor flays firms' myopic view on growth-inflation dynamics December 2, 2014

    Mumbai: Trashing India Inc's incessant criticism that RBI is not reducing interest rates, Governor Raghuram Rajan on Tuesday accused them of being myopic and asserted that the central bank is for the "strongest possible growth". "I think there is a misconception in corporate India that the...
  • RBI keeps interest rates unchanged at 8.0 per cent, mantains focus on containing inflation December 2, 2014

    Mumbai: As expected, the Reserve Bank of India has kept the interest rates unchanged at 8.0 per cent on Tuesday, staying focused on containing inflation while adopting a more dovish tone in response to the government's call for help to revive economic growth. RBI said that on the basis of an...
  • Bullet News: Catch the day's top stories November 14, 2014

    Bullet News is CNN-IBN's non-stop prime time bulletin where we bring to you the day's top stories from around the world. Be it politics, sports, entertainment or business, catch it here, only in 30 minutes. ...
  • Inflation drops to 5-year low of 1.77 per cent, India Inc wants rate cut November 14, 2014

    New Delhi: Driven by softening prices of fuel and food items, the WPI inflation cooled to a five year low of 1.77 per cent in October raising hopes of rate cut by the Reserve Bank next month to boost economic growth. The decline in Wholesale Price Index (WPI) based inflation...
  • India @ 9 with Anubha Bhonsle November 14, 2014

    Catch the day's top stories with Anubha Bhonsle on India @ 9. ...
  • Watch: IIP up by 2.5 per cent against 0.4 per cent in August November 13, 2014

    With consumer price inflation dipping and factory output growing slightly, all eyes are now on the Reserve Bank of India. Will it or will it not cut rates at its next meeting is the question. ...
  • Retail inflation cools further to 5.52 per cent in October November 12, 2014

    New Delhi: India's annual consumer price inflation eased for a third straight month in October to 5.52 per cent, its lowest level since the government started releasing the data in 2012, data showed on Wednesday. The latest number was lower than a Reuters poll forecast of 5.80 per cent and September's...
  • Sensex rises 109 points; Bank Nifty up 2.5 per cent, CNX IT slips 4 per cent October 17, 2014

    Mumbai: The Sensex rose 109.19 points or 0.42 per cent to close at 26108.53 and the Nifty climbed 32.40 points or 0.42 per cent to 7780.60. About 1336 shares have advanced, 1501 shares declined, and 117 shares are unchanged. Good buying was observed in capital goods, banking, healthcare and fast moving...
  • Optimistic about a good voter turnout, says actor Rahul Bose October 15, 2014

    Actor Rahul Bose is optimistic that there will be increased voter turnout in the ongoing Maharashtra assembly elections. "Inflation, woman safety and corruption are the main issues that need to be dealt with. This time people will have to decide who they really want to vote for as no coalition...
  • Finance Minister Arun Jaitley says food inflation under control, promises reform October 14, 2014

    New Delhi: India has brought inflation under control and is committed to food market reform to achieve low and stable price rises, Finance Minister Arun Jaitley on Tuesday after wholesale inflation dropped a near five-year low. Wholesale prices rose 2.38 per cent on year in September, its slowest pace since October...
  • BJP lauds government's efforts to bring down inflation October 14, 2014

    New Delhi: BJP on Tuesday lauded the government's efforts to rein in inflation and exuded confidence that prices will further come down in the near future. The party said the Narendra Modi-led government was committed to bringing down prices and was taking the issue seriously which has been troubling the common...
  • Inflation drops to 5-year low of 2.38 per cent in September October 14, 2014

    New Delhi: Continuing decline in food prices, including vegetables, pulled down the September wholesale price inflation to a five year low of 2.38 per cent. The Wholesale Price Index (WPI) based inflation was at 3.74 per cent in August and 7.05 per cent in September 2013. ...
  • Choppy Sensex, Nifty close lower; DLF tanks 28 per cent, BHEL up 4 per cent October 14, 2014

    Mumbai: Equity benchmarks closed marginally lower amid consolidation on Tuesday ahead of two state elections (Maharashtra and Haryana) on Wednesday. The Sensex fell 34.74 points to close at 26349.33 and the Nifty declined 20.25 points to 7864. About 1301 shares have advanced, 1622 shares declined, and 109 shares are unchanged. ...
  • September retail inflation eases to 6.46 per cent October 13, 2014

    New Delhi: India's retail inflation declined for a second straight month in September, but the risks of price shocks are expected to keep the Reserve Bank of India (RBI) from cutting interest rates anytime soon. Consumer prices rose a slower-than-expected 6.46 percent from a year earlier, the lowest since figures were...
  • Centre failed to curb inflation and price rise: CPI October 12, 2014

    Puducherry: CPI on Sunday alleged that the BJP government at the Centre has "failed" to curb inflation and price rise of essential commodities. "The Central government headed by Narendra Modi had completely failed to take meaningful steps to curb menace of inflation and rise in prices of essential commodities and...
  • Prices of essential goods will fall further in Modi rule: Amit Shah October 6, 2014

    Pune: BJP President Amit Shah on Monday said that prices have come down since Narendra Modi came to power at the Centre and that the downward trend could continue further in the current month. "Prices of essential commodities as well as that of petrol and diesel are falling since Modi...
  • RBI has no bias either to cut or hike rates: Raghuram Rajan October 1, 2014

    Mumbai: The Reserve Bank has no bias either to cut or hike the key rates and the direction of the monetary policy will be influenced entirely by data, Governor Raghuram Rajan said on Wednesday. "Our policy stance today is reasonable and we see no reason to alter it today based on...