Inflation
- India
RBI hikes repo rate to fight high inflation
Mumbai: Reserve Bank of India’s Governor Shaktikanta Das today announced the hike of the repo rate, the key lending rate, by 50 bps to 5.9 percent. Explaining the rationale behind the policy,…
- Middle East
Poverty, inflation, fear: Egypt’s economy pushed to brink
Stores are selling winter clothes from last season in the middle of summer. Repair shops lack spare parts for appliances. There’s a waiting list to buy a new car. Egypt, a country…
- India
RBI set for fourth straight rate hike to quell inflation, say experts
Mumbai: The Reserve Bank of India (RBI) may take cues from its global counterparts, including the US Federal Reserve, to raise interest rates for the fourth time in a row on Friday to…
- Pakistan
Pakistani rupee plunges to Rs 240 against USD
Islamabad: The Pakistani rupee on Wednesday plunged to an all-time low to Rs 240 against the US dollar in the inter-bank market, making it the worst performing currency in the emerging markets…
- Business
US Fed’s single-minded focus on inflation: S&P Global Market Intelligence
New Delhi : The US Federal Reserve will be single-mindedly focused on inflation until it is lowered closer to the 2 per cent target on a sustained basis, said global business intelligence…
- Business
RBI article favours frontloading of monetary policy actions to tame inflation
Mumbai: An RBI article on Friday favoured frontloading of monetary policy actions, such as interest rate hikes, to contain inflationary pressures without sacrificing medium-term economic growth prospects. The article titled ‘State of the…
- World
World Bank warns of rising global recession risk amid simultaneous rate hikes
Washington: As central banks across the world are simultaneously hiking interest rates in response to inflation, the world may be edging toward a global recession in 2023, the World Bank warned. Central…
- India
Chidambaram takes jibe at FM Sitharaman on rise in retail inflation
New Delhi: Senior Congress leader P Chidambaram on Tuesday attacked Finance Minister Nirmala Sitharaman over retail inflation rising to 7 per cent, saying if she doesn’t see “red” even now, it can…
- Business
Inflation and supply disruptions top risks for Emerging Asia: Moody’s
New Delhi : Inflation and supply chain disruptions are the biggest risks over the next 12-18 months in Emerging Asia — China, India, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam, according to…
- India
Centre plans $2.5 bn compensation to oil companies: Report
New Delhi: Aiming to shore up huge quarterly losses incurred by state-owned oil marketing companies (OMCs) like Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation, the government plans to pay…
- Business
Retail inflation rises to 7% in August over high food prices
New Delhi: India’s retail inflation in August 2022 rose to 7 per cent, up from 6.71 per cent in July, mainly due to high food prices, according to data released by the…
- India
Appreciating dollar, US inflation bad news for Indian students
Chennai: The rupees fall against the US dollar is not a new phenomenon, but it always catches many tight-budgeted parents and their wards studying or aspiring to study there unawares. This time…
- Middle East
Turkey sharply raises 2022 inflation forecast to 65%
Ankara: Turkey sharply raised the country’s inflation forecast for 2022 to 65 per cent, up from 9.8 per cent predicted one year ago, according to a government program published in the Official…
- Business
Bitcoin plunges below $20K, may reach $10K level this year
New Delhi: After showing some stabilisation in the last few weeks, world’s largest cryptocurrency Bitcoin has plunged once again below $20,000 after Federal Reserve Chair Jerome Powell’s keynote address. Bitcoin initially showed…
- World
Sweden inflation eases, unemployment rate falls
Stockholm: Sweden’s producer price inflation eased to a five-month low in July, while the unemployment rate declined for the first time in three months, official figures revealed on Friday. The figures from…
