With inflation figures expected to be well within RBI's target, there may be room for further rate cut.
The 30-share Sensex ended down 159 points at 27,425 and the 50-share Nifty closed down 24 points at 8,299.
In 2022, gold emerged as the top performer among all conventional asset classes with over 14 per cent returns mainly owing to the depreciation of the rupee.
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During April-February, the index of industrial production, a measure of factory activity, declined 0.1 per cent compared with a 0.9 per cent growth in the corresponding period of 2012-13.
The Karnataka government is also expected to follow suit and withdraw its decision to raise the variable DA.
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
'There will always be a challenge to maintain a fine balance to ensure that the growth keeps happening and inflation is contained.'
The NSE Nifty too ended 58.60 points, or 0.54 per cent, higher at 10,967.30 after shuttling between 10,985.15 and 10,928 during the session.
Millions of central government employees were taken for a ride on April Fool's Day.
The official data on April-June GDP will be released on August 31.
'While the country has been hit hard from a strong second wave of Covid, we believe the markets are willing to look through that.'
Infrastructure and inflation targeting are expected to be top priorities for the new Reserve Bank of India governor, says A V Rajwade.
The survey showed firms passed on a greater cost burden to consumers. Prices charged rose at their fastest pace since October.
The March Wholesale Price Index-based inflation was at (-) 0.85 per cent.
The rupee had hit an intra-day low of 61.6750 on Friday, its lowest level since Oct. 17.
The SBI report ruled out a October rate hike
China's devaluation creates new risk in global financial markets and could prolong the West's slowdown.
This development can strengthen the case for interest rate cut by the RBI.
The study claims that from its peak of 18 per cent of gross domestic product in 2008, the crony capitalists' wealth is now down to three per cent
Slight recovery in growth is expected only in July-September.
Most immediately, he pledged to move slowly if needed in winding down an oil window that provides dollars directly to state-run oil companies
It is important to note that slowdown in activity is really confined to a selected few regions within China.
The retail inflation, which is factored in by the RBI to arrive at its monetary policy, has been on decline since last month. The previous low was 5.54 per cent in November 2019. The government has asked the RBI to restrict the inflation around 4 per cent, with a margin of 2 per cent on the either side.
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Says high inflation has to be reversed to achieve sustainable GDP expansion.
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
'...over the long-term can be done only by investing in equities.' 'And during weak macros, one needs t1o allocate more than drawing it down, because they offer the best entry point.'
RBI Governor has been under pressure from Finance Ministry.
Brokerages expect India Inc to report an upturn in earnings for the March quarter of 2022-23, after a relatively muted showing in the previous two quarters. This growth is expected to be led by banking, financial services and insurance (BFSI) companies, FMCG firms, and automobile makers. The combined net profit of the Nifty50 companies (excluding Adani Enterprises) is expected to have grown 15.6 per cent to Rs 1.77 trillion in Q4FY23, from Rs 1.53 trillion a year ago.
Brokerages expect Nifty50 companies to have cumulatively witnessed strong double-digit growth in their earnings in the first quarter of FY24 (Q1FY24). This growth in the combined earnings is expected to have been driven by banks, automakers, and oil & gas companies. Other sectors may report muted profit growth.
This is the biggest one-day fall in the rupee since August 3, 2016
January inflation may undershoot RBI's 6% target.
The RBI has targeted 6 percent inflation by January 2016
Price of potato, a daily consumable vegetable, rose 58.78 per cent during the month
Sharp fall in capital goods production and manufacturing activity also dented sentiments.
With RBI holding on to rates, investors should avoid longer duration funds for the near future, experts tell Joydeep Ghosh
The Centre is likely to announce next month a hike in dearness allowance by 10 per cent to 100 per cent, benefiting about 50 lakh employees and 30 lakh pensioners.
The sector seems set for a rally that may be somewhat temporary.
Issuers are currently not comfortable with the bids they have been getting for their bond offerings.
The Indian services sector activity fell to a six-month low in September, as new business inflows rose at the slowest rates since March, amid inflationary pressures and competitive conditions, a monthly survey said. The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 54.3 in September, from 57.2 in August, highlighting the weakest rate of expansion since March. For the fourteenth straight month, the services sector witnessed an expansion in output. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
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