Economy

Economy News

March WPI inflation rises to 0.53% on higher food prices

WPI-based inflation accelerated to 0.53 per cent in March on an annual basis, as against 0.20 per cent in February, primarily due to increase in prices of food articles, electricity,.

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Economy News

Forex kitty rises for 7th week to hit record high

The reserves rose by nearly $3 billion in the reporting week, after rising $29.45 billion in the previous six weeks. Foreign exchange reserves rose for the seventh straight week to.

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Economy News

Experts forecast FY25 CPI inflation at 4.5%; geopolitics, crude prices key concerns

Experts and economists estimated FY25 inflation to average 4.5 per cent. The CPI-based inflation for the month of March eased to a five-month low of 4.85 per cent from 5.09.

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Economy News

Moody’s sees impact of delayed rebound in India, expects FY25 growth rate at 6.1%

According to Moody’s, Indian economy will expand at 6.1 per cent in FY25 as the country’s output hit a roadblock and will see impact of delayed post-pandemic rebound. Moody’s Analytics expects India.

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Economy News

Govt to buy chana at market price to boost buffer

Nafed had purchased 2.3 MT and 2.6 MT of chana under PSS in the 2023-24 and 2022-23 seasons respectively which had given a boost to the buffer. To ramp up.

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Economy News

Wheat output may be 5% lower than Govt estimate: Trade

The last time wheat stocks were below the current levels was way back in 2008. It had then dropped to 5.8 MT in April in that year. India’s wheat output.

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Economy News

Retail inflation may top forecast

Pulses prices rise inexorably, fruits & vegetables, milk may turn costlier too The Reserve Bank of India (RBI) would rather “ensure the descent of (consumer price inflation) to the target.

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Economy News

In 2024:  ‘Several headwinds could limit India’s Russian oil imports’

According to Kpler’s analysis, the differential or discount for Indian refiners on Russia’s flagship crude grade Urals vis-à-vis global benchmark Brent crude was around $15 per barrel at the beginning.

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Economy News

Growth, financial stability, forex: What Das said

NBFCs and other financial entities must continue to give the highest priority to quality of governance and adherence to regulatory guidelines On growth “Our potential growth appears to have gone.

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Economy News

Zee to slash workforce by 15% in overhaul

The layoffs are expected to affect approximately 500 employees, of the total 3,437 permanent staff. The announcement comes within days of Goenka’s decision to take a voluntary pay cut of.

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