At item level, rice, coconut oil, fish fresh, poultry, milk, onion, vegetables, fruits, sugar, cigarette, electricity charges etc. are responsible for increase in the index.
The US Fed's rate cycle is set to turn later this year, but India is in a much better position than it was in 2013.
Congratulating Narendra Modi on becoming the Prime Minister, India Inc on Monday said it is looking forward to an era of renewed trust and expressed confidence that the nation will leapfrog into a higher orbit of growth creating more jobs, income and social stability.
Progress on monsoons along with favourable base effect in 2HFY2017 continues to point towards RBI achieving its near 5 per cent inflation target by the year-end
The rupee has depreciated 2.35 per cent in the past three months and one per cent in the past month, despite strong capital flows and falling oil prices.
A rise in farm sector is estimated to raise demand for industrial goods and services, it added.
About 60 per cent of net sown area of the country is rain-fed. With every one per cent deficit in rains, the country's gross domestic produce falls by 0.35 per cent.
Of all the pulses, tur appears to be the most desired.
India has not made the giant leap that was needed.
Experts said a future rate cut would depend on the inflation.
A Reuters poll had forecast retail inflation would slow to 8.35 percent from an annual 8.79 percent in January.
The Reserve Bank of India (RBI) kept its key policy repo rate unchanged at 8.0 percent on Tuesday, as widely expected, while expressing concerns about risks to its target to bring consumer inflation down to 6 percent by January 2016.
Sheela Bhatt recounts the tension, suspense and disruptions during P Chidambaram's interim budget in the Lok Sabha on Monday.
.jpg)
As on Monday, the prices of many vegetables had fallen as much as 50% compared with those a month before, due to increased supply, following the arrival of winter crops in the markets.
.jpg)
Says high inflation has to be reversed to achieve sustainable GDP expansion.
What came to the rescue of the IIP numbers in February were mining and electricity.
Factory output in June likely rose 5.4 per cent from a year earlier, faster than the 4.7 per cent growth in May, according to a poll of 27 economists.
In a surprise move, the Reserve Bank on Wednesday left the repo rate unchanged at 7.75 per cent, while the cash reserve ratio too is retained at 4 per cent.
55% of cultivable land still doesn't come under irrigation.
Interest rate sensitive stocks gain ground post decision
'There is a bleak business outlook for trade and industry as government struggles to rev up economic growth and labour market.'
Sustained rural poverty can't be eradicated without capacity building.
Government needs tight control over both expenditure and populism.
RBI seen cutting repo rate 25 bps on Sept 29, says a poll
RBI unsure whether to cut rates or not in its next monetary policy.
It is only 'zero-cost' money from FPIs that is keeping the market afloat
Moody's currently assigns 'Baa3' rating on India, with a stable outlook. 'Baa3' means medium grade with moderate credit risk.
Key macroeconomic indicators suggest softening industrial growth.
The central bank's currency management will be critical over the next few months. A weaker rupee could help to revive exports. But, the currency must fall slowly and in controlled fashion, says Devangshu Datta.
.jpg)
The Indian rupee touched record low of 65.52/dollar on Thursday and is down 16 per cent so far this year despite efforts by policymakers to prop it up.
Industrial ouput, however, was seen falling 0.6 per cent in January
'When you come through the hassles and struggles of business life, your mind is wired differently.' 'You are more connected to reality,' Akali Dal MP Naresh Gujral tells Rahul Jacob and Archis Mohan
Critics argue that much more could have been done and that the government was slow to react to many events.
Contrary to some predictions, rainfall is adequate so far.
The global brokerage firm believes that CRR cut is likely to help cut lending rates and revive growth sentiments.
The largest upward contribution to the change in current index came from food group which increased by 1.22 per cent, contributing 1.64 percentage points to the total change. At item level, rice, arhar dal, fish fresh, poultry (chicken), milk, chillies green, garlic, ginger, tomato, root and green vegetables, tea leaf, tea (readymade), cigarette, country liquor prices, electricity charges, medicine (allopathic), and repair charges, are responsible for the rise in index.
The cutback on export credit refinance facility is another step towards a shift away from sector-specific liquidity allocations.
Rain gods may be kinder; revenue collections going up: Jaitley
The panel was set up to suggest ways to reform India's monetary policy.
The status quo decision came as a breather as only last week the RBI had pulled up banks for not helping it in monetary policy transmission.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances