The report, released on Thursday, also said that going forward robust foreign inflows and comfortable trade deficits are expected to keep the rupee within a comfortable range.
Inflation, once thought to be tamed and controlled by the steady hand of central banks, is staging a comeback, and it is not a quiet one. The era of low inflation, marked by decades of economic stability, seems like a distant memory as we grapple with the resurgence of price pressures.
Amidst mixed signals from global peers, investor sentiment remained volatile, influenced by uncertainties surrounding pivotal policy decisions from major central banks, says Vinod Nair, Head of Research, Geojit Financial Services.
This is the third consecutive month of decline in the annual rate of WPI inflation, which had stood at 0.73 per cent in December.
The preference change is despite the fact that 55 per cent of Indians continued to believe their disposable income had been majorly impacted by inflation.
According to the report, the JI Leader called on the countrymen to come out in protest against rising inflation and inflated electricity bills and make the nationwide strike successful.
The recent forecast of high inflation in coming months by the Union Finance Ministry has sent ripples among Indian consumers…
The inflation in the food basket was 11.51 percent in July compared to 4.55 percent in June and 6.69 percent in July 2022.
Prime Minister Narendra Modi on Tuesday said that despite the world still struggling to recover from the ill effects of…
Congress leader Rahul Gandhi had lunch with a special guest on Monday – vegetable vendor Rameshwar who was recently recorded…
