Trade News

Steps taken by RBI and govt to cut duration of high inflation: Finmin report

Business / By

Photo source: FILLE PHOTO CPI (Consumer Price Index) -based inflation averaged 5.5 percent in FY22, 50 basis points lower than the upper limit of the RBI Monetary Policy Committee’s inflation band. The finance ministry on Thursday said the measures taken by the RBI and the government would curb the period of high fuel inflation due …

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Sensex settles in red for fifth straight session, Nifty ends below 17,000

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Photo source: PTI A view of the Bombay Stock Exchange (BSE) building. Markets moved into a tailspin during Tuesday’s trade fag-end, with the Sensex down 703.59 points as sentiment continued to weaken due to the weakness of HDFC Twins and Infosys. Concerns over rising inflation and outflows of foreign funds in the wake of the …

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Moody’s slashes 2022 India growth estimate to 9.1%

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Photo source: FILE Moody’s 2022 lowers India’s growth forecast to 9.1% Highlights Moody’s downgraded India’s growth forecast for the current year from 9.5% to 9.1% It said higher energy and fertilizer import bills could limit the government’s capital expenditure It says Russia’s aggression in Ukraine will hurt economic growth Moody’s on Thursday slashed India’s growth …

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