India Service Sector Continues To Expand In September

India Central Bank Policy Stance Shift To Neutral Opens Door For Rate Cuts

The Reserve Bank of India maintained its interest rate for the tenth straight meeting on Wednesday, and shifted its monetary policy stance to neutral, paving the way for the first interest rate cut in four years as inflation is expected to moderate. The RBI Monetary Policy Committee, led by Governor Shaktikanta Das, voted 5-1 to keep the policy repo rate unchanged at 6.50 percent.

RTTNews | 8 dias atrás

India GDP Growth Slowest In 5 Quarters

India's economy grew at the slowest pace in five quarters in the three months to June, as a slowdown in farm output, and a slump in government spending offset the gains in manufacturing and private consumption. Gross domestic product grew 6.7 percent year-on-year following a 7.8 percent increase in the March quarter, preliminary figures from the country's statistical office showed Friday.

RTTNews | 47 dias atrás

India Consumer Price Inflation Falls; Industrial Output Logs Slower Growth

India's inflation eased more than expected in July to a near five-year low on sharp deceleration in food price growth, giving room for the central bank for monetary policy easing. Consumer price inflation softened to 3.54 percent in July from 5.08 percent in June, the National Statistical Office said Monday. In the same period last year, inflation was 7.44 percent.

RTTNews | 66 dias atrás

India Central Bank Maintains Status Quo

Despite the global market volatility, the Reserve Bank of India maintained its interest rates as well as its policy stance and emphasized on bringing food inflation under control. The Monetary Policy Committee, led by Governor Shaktikanta Das, voted 4-2 to keep the policy repo rate at 6.50 percent. The decision came in line with expectations. MPC members Ashima Goyal and Jayanth Varma once aga

RTTNews | 70 dias atrás

India Trims Fiscal Deficit Target, Rupee Hits Record Low On Capital Gains Tax Hike

Sticking to the commitment of fiscal consolidation, India's Finance Minister Nirmala Sitharaman unveiled a budget that aims to provide impetus to job creation, start-ups and small enterprises, while proposals for raising the tax rates on capital gains damped market sentiment and send the rupee to a record low. The government lowered the fiscal deficit target to 4.9 percent of GDP.

RTTNews | 86 dias atrás

India Holds Key Interest Rates As Expected; Raises Growth Outlook

India's central bank kept its key interest rates unchanged for the eighth straight session on Thursday and pledged to maintain the disinflationary stance until inflation aligns with the target on a durable basis amid faster economic growth. The Monetary Policy Committee of the Reserve Bank of India led by Governor Shaktikanta Das, voted 4-2 to keep the policy repo rate at 6.50 percent.

RTTNews | 132 dias atrás

India GDP Growth Climbs To 8.4% In December Qtr

India's economic growth improved strongly to 8.4 percent year-on-year in the December quarter from 7.6 percent in the previous three months, preliminary estimates from the statistics ministry showed Thursday. Economists had forecast the growth rate to slow to 6.6 percent.

RTTNews | 231 dias atrás

India Inflation Softens On Cooling Food Costs

India consumer price inflation softened to a three-month low in January on moderating food price growth, data from the Ministry of Statistics and Programme Implementation showed Monday. The consumer price index posted an annual growth of 5.10 percent, weaker than the 5.69 percent increase in December, which was the fastest in four months.

RTTNews | 248 dias atrás

EURUSD	1.08126	GBPUSD	1.2985	AUDUSD	0.66888
USDJPY	149.807	USDCAD	1.37839	USDCHF	0.86596