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Wholesale Price Index

Inflation slows to 7.45% in October

 Inflation in Wholesale Price Index (WPI) slows to 7.45% in October from 9.87 per cent in August. Wholesale inflation unexpectedly dropped to this fiscal’s lowest level of 7.45% in October as primary food articles and manufactured items became less expensive, strengthening the case for a cut in the benchmark lending rate by the central bank […] Continue reading →

Inflation rises to 7.81% in September

 Inflation in Wholesale Price Index (WPI) rises to 7.81% in September from 7.55 per cent in August. Inflation rose to its highest level this fiscal at 7.81 per cent in September as prices of wheat, cereals and diesel soared, a development that may restrain RBI from cutting interest rates at its monetary policy later this […] Continue reading →

Fitch lowers India’s growth forecast to 6%

 Global rating agency Fitch has scaled down India’s growth to 6 from earlier 6.5 per cent. This revision has been done along with China. The agency in its Global Economic Outlook report said: “Both regional giants face a deteriorating global growth outlook with diminished willingness or capacity to respond with domestic policy loosening, compared with […] Continue reading →