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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)
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 | 42 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 | 70 days ago
India Inflation Weakens More Than Forecast To Lowest Level In 5 Months
India's consumer price inflation slowed more than expected to a five-month low in January reinforcing expectations that the Reserve Bank of India will reduce interest rates further. The consumer price index registered an increase of 4.31 percent on a yearly basis in January, weaker than the 5.22 percent rise logged in December, official data revealed on Wednesday.
RTTNews | 99 days ago
