India WPI Food YoY
When it comes to inflation in India, the wholesale price index (WPI) is the most often used indicator. This index (WPI) is a price index that monitors the price of a typical basket of wholesale products. In India, the index is broken into three categories: Manufactured Goods (64.2%), Primary Articles (22.6%), and Fuel and Power (13.2%). 15.2% of overall weight is made up of Food Articles from the Primary Articles Category. Basic Metals (which account for 9.7% of overall weight), Food Items (9.1%), Chemicals and Chemical Products (6.5%), and Textiles (4.9%) are the most significant components of the Manufactured Products category.
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 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 | 55 days ago
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 | 72 days ago
India Central Bank Maintains Policy Stance
The Reserve Bank of India decided to leave its benchmark interest rates unchanged for the sixth straight session on Thursday as inflation tends to remain in the upper band of the target range. The Monetary Policy Committee of the RBI, led by Governor Shaktikanta Das, voted 5-1 to hold the repo rate at 6.50 percent.
RTTNews | 77 days ago
