inflation
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Acreages under most rabi crops gain
New Delhi, Dec. 5 In a further signal of easing inflationary pressures in the economy, acreages under most rabi crops currently being planted are significantly higher compared to last year’s levels.
Gold falls further on weak global trend
Gold prices fell further by Rs 65 at Rs 12,575 per 10 gram in the national capital today on lack of buying support amid stockists selling on easing concerns of inflation.
ECB seen chopping rates again to 2.0%
Economists said ECB has room to cut further after it forecast economic contraction next year and inflation below its target of price stability. 2008: Year of global crisis
Inflation declines further to 8.40%: Emkay Global
Inflation for the week ended November 22, 2008 falls further to 8.40% as compared to 8.84% reported in the last week.
Experts see interest rates trending down ahead
KC Chakrabarty, CMD, Punjab National Bank, said the bank will decide to cut rates further on January 1. We will cut deposits, lending rates as and when inflation declines. Meanwhile, Sujoy Kumar Das, Bharti AXA Investment Managers said interest rates are headed downwards. \”We expect another 100150 bps rate cut.\”
Stimulus package hopes push Sensex up 482 points
Mumbai, Dec. 4 The benchmark indices surged on Thursday sparked by a drop in the domestic inflation rate, and expectations of a stimulus package from the Government to boost the
As inflation falls, RBI is shifting focus to growth
Hyderabad, Dec. 4 The Reserve Bank of India (RBI) is shifting its policy focus to growth, moving away from measures directed at curbing the inflation, according to Dr D Subbarao, its
Cheaper fuel pulls down inflation rate to 8.4%
New Delhi, Dec. 4 The annual Wholesale Price Index-based inflation rose 8.4 per cent for the week ended November 22, lower than the previous week’s annual rise of 8.84 per cent.
Inflation at 8.4% for the week Nov 22
Inflation fell sharply to around a seven-month low of 8.40 per cent, providing further flexibility to the RBI to cut policy rates this weekend, to spur growth.
Sensex rises on stimulus hopes
Indian stock market indices Thursday outperformed other Asian peers as sentiments turned bullish on expectations of a fiscal stimulus and interest rate cuts by the weekend. Fall in domestic inflation and a positive tick in European markets provided further support.