INR Forex News
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.
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74 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.
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92 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.
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96 days ago
India Budget Focuses On Infrastructure Spending Ahead Of Election
India's Finance Minister Nirmala Sitharaman focused on boosting capital expenditure, and lowering the fiscal deficit outlook in the Union Budget unveiled Thursday, ahead of the country's parliamentary elections in April-May. Sitharaman tabled the interim budget in the parliament that envisioned an 11.1 percent increase in infrastructure spending outlay for the next financial year.
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103 days ago
RBI Holds Key Interest Rate For Fifth Session; Strikes Hawkish Stance
The Reserve Bank of India left its benchmark rates unchanged for the fifth straight session as policymakers assessed that the impact of the past rate hikes are yet to be fully felt on the economy, and the bank maintained a hawkish stance citing the risk of food price shocks derailing the disinflation process. The Monetary Policy Committee voted to hold the policy repo rate at 6.50 percent.
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158 days ago
India GDP Growth Remains Solid At 7.6% In September Qtr
The Indian economy continued to grow at a robust pace in the three months to September, preliminary data from the statistics ministry showed Thursday. Gross domestic product grew 7.6 percent year-on-year following a 7.8 percent increase in the June quarter. Economists had forecast 6.8 percent expansion.
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165 days ago
India Central Bank Stands Pat On Rates; Hints At Open Market Bond Sales
India's central bank left its benchmark interest rate unchanged for the fourth straight session on Friday but cited high inflation as a major risk to stability and sustainable growth and raised the possibility of open market bond sales to absorb excess liquidity. The Monetary Policy Committee of the Reserve Bank of India unanimously decided to hold the policy repo rate at 6.50 percent.
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221 days ago
India GDP Growth Climbs To 7.8% In June Quarter
India's economy grew at a faster pace in the three months to June period, mainly led by the services sector, preliminary estimates from the National Statistical Office showed on Thursday. Gross domestic product grew 7.8 percent year-on-year in the April to June quarter, which was a tad faster than the 7.7 percent expansion economists had forecast.
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257 days ago
India Central Bank Holds Rates Steady
The Reserve Bank of India left its benchmark interest rates unchanged, as widely expected, while surging food prices forced policymakers to turn hawkish. After the three-day Monetary Policy Committee meeting, RBI Governor Shaktikanta Das on Thursday said policymakers unanimously decided to keep the policy repo rate unchanged at 6.50 percent with preparedness to act, should the situation so warra
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278 days ago
India Wholesale Price Inflation Sinks Deeper Into Negative Territory
India's wholesale price inflation was negative for a second month in a row and prices decreased more than expected from a year ago, suggesting that inflationary pressures are set to ease in the months ahead and give more space for the central bank to maintain a pause in the monetary policy tightening.
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335 days ago
