The Reserve Bank of India (RBI) recently delivered a nuanced monetary policy update, focusing on the delicate balance between controlling inflation and supporting economic growth. With inflationary pressures rising and growth faltering, the central bank has opted for a cautious yet strategic approach. Here’s an analysis of the key developments and their potential impact on … Read more
The Indian stock market had a challenging yet eventful week, facing headwinds from rising inflation and foreign institutional investor (FII) outflows. Both the NIFTY50 and SENSEX managed to find support at critical technical levels, but the market sentiment remained cautious as concerns over inflation and potential rate hikes lingered. Below, we break down the key … Read more
India’s wholesale price index (WPI)-based inflation hit a four-month peak in October 2024, standing at 2.36%, driven primarily by a notable surge in food prices. This development comes as a significant marker in India’s economic landscape, prompting questions about the long-term implications for consumers, businesses, and policymakers. Key Drivers Behind October’s Inflation Spike According to … Read more
India’s retail inflation spiked to a 14-month high of 6.2% in October 2024, driven primarily by soaring food prices, especially in key vegetables like tomatoes, onions, and potatoes. This inflation level exceeded the Reserve Bank of India’s (RBI) target range, raising concerns about potential delays in anticipated interest rate cuts. These rising costs could weigh … Read more