Why RBI did not hike rates to contain inflation
Inflation continues its upward trajectory. The wholesale price wholesale price index (WPI), a measure of producer prices, for week-ended October 17 stood at 1.51% versus 1.21% in the previous week. Inflation for week-ended August 22 was revised to 0.17% as against the provisional figure of -0.21%.
‘Food prices driving inflation’
The threat of rising inflation as a [...]
Sensex closes above 17000 since May 2008
MUMBAI: Benchmark indices extended their winning streak on Wednesday to close at new 52-week highs. Sentiments turned bullish ahead of second
quarter results and as traders covered short positions after benchmarks crossed psychological resistance levels.
“There was euphoria in the market as we crossed psychological levels. It was evident with rise in textiles, fertilisers midcap auto and banking [...]
Global food prices soften
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Donec sagittis mauris non eros [...]
