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India Manufacturing Production YoY
Manufacturing production in India assesses the output of businesses that are operating in the manufacturing industry. 78% of overall industrial output is accounted for by the manufacturing sector in the country. most significant segments within manufacturing are: basic metals (13% of overall production), coke and refined petroleum products (accounting for 12%), chemicals and chemical products (accounting for 8%), foodstuffs (accounting for 5%), pharmaceuticals, medicinal chemicals, and botanical products (accounting for 5%), motor vehicles, trailers, and semi-trailers (accounting for 5%), machinery and equipment n.e.c. (accounting for 5%), other non-metallic mineral products (accounting for 4%), and textiles, electronic equipment, and fabricated metal products (accounting for 3%).
A higher than expected figure should be seen as positive (bullish) for the INR while a lower than expected figure should be seen as negative (bearish) for the INR.
News (INR)
India Slashes Policy Rates By Bigger Than Expected 50 Bps; Shifts Stance To Neutral
The Reserve Bank of India lowered its interest rates by a sharper-than-expected 50 basis points on Friday, marking the third consecutive reduction as policymakers focused on propelling growth amid the softening inflation, but the central bank shifted its monetary policy stance to neutral signaling a pause ahead. The MPC decided to cut the policy repo rate by 50 basis points to 5.50 percent.
RTTNews | 33 days ago
RBI Shifts Stance To Accommodative As Tariffs Loom
The Reserve Bank of India cut its key policy rates for the second straight meeting and also shifted its monetary policy stance to accommodative as trade tariffs pose risks to the outlook for both inflation and growth. At the first policy meeting of the financial year, the Monetary Policy Committee, led by RBI Governor Sanjay Malhotra, unanimously decided to cut the policy repo rate.
RTTNews | 91 days ago
India Inflation Weakest In 7 Months
India's consumer price inflation slowed to a seven-month low in February as food price growth hit the lowest in nearly two years, raising expectations of interest rate cuts over coming months. Consumer price inflation eased to 3.61 percent in February from 4.26 percent in January, official data revealed on Wednesday. This was the lowest since July 2024.
RTTNews | 119 days ago
