With data indicating slowing global growth, central bankers themselves have started communicating a softer pace of tightening going forward. Importantly, central bankers have highlighted that data will significantly determine the pace of monetary policy tightening going forward.
A look at the current macro readings is enough for the RBI governor not to budge and dilute his ‘withdrawal of accommodation’ stance
While rate hike process may not reverse anytime soon, the pace may moderate before a pause.
Petrol in Mumbai is being sold for Rs 106.31 per litre and diesel for Rs 94.27.
On the operating performance, Paytm in July said the total merchant gross merchandise value (GMV) processed through its platform for the quarter ending June FY23 stood at Rs 2.96 lakh crore, registering a 101 percent growth over year-ago period.
The standing parliamentary committee requested that senior citizen concessions be brought back while scrutinising concessions to railway employees.
The central bank has raised the repo rate by 50 basis points, but offered little information on how it might act in the coming months.
The rate hike cycle is not over yet, as the MPC is desirous of the CPI inflation getting back into the RBI's comfort zone (below 6 percent) and preferably towards the neutral level of 4 percent.
Fund managers missed a trick by taking refuge in cash
The short straddle is a common trading strategy but loses money when the market is trending. Here’s a back-test of a trader’s solution to this problem
RBI is some distance away from its neutral rate
By targeting aggregate demand across the whole economy, monetary policy may be too blunt an instrument to tackle the ongoing inflationary pressures in the economy, instead adding to the already chronic high unemployment rates in the country
The benchmark 10-year government bond yield rose roughly 10 basis points while the rupee appreciated as the RBI Governor Shaktikanta Das highlighted inflation concerns after announcing a 50 bps hike in the repo rate.
Going forward, companies will benefit as inflation gradually comes under control. The markets are also taking confidence from the way Corporate India handled the tough inflationary challenge in the June quarter
Too much money was tied up in the safe hidey hole of cash before stock prices bounced back
While high-frequency indicators suggest improvement in urban demand, the picture for rural demand is mixed.
The reduced targets are not a cop out on COP26. Rather, they are a more realistic evaluation of what the country can actually achieve by 2030, which is just seven and half years away
The US is inexorably tightening its noose around Beijing by linking together the high-tech powers in East Asia. South Korea, a long-time trade partner and a key supplier of its semiconductors, is now being courted too, bringing Seoul, Taipei and Tokyo together in a technological embrace
It is expected that central banks in the US and Europe would rein in their hawkish stance in favour of supporting growth. This spells good news for yield spreads with India. Furthermore, anticipation of weakening demand has brought down the prices of crude and commodities. This is yet another positive development for the Indian economy
Petrol in Mumbai is being sold for Rs 106.31 per litre and diesel for Rs 94.27. Petrol in Delhi costs Rs 96.72 and diesel Rs 89.62 a litre. Petrol and diesel are priced at Rs 102.63 and Rs 94.24 in Chennai and at Rs 106.03 and Rs 92.76 in Kolkata respectively.
In today’s edition of Moneycontrol Pro Panorama: How to trade on RBI policy day, IndiGo flying high, Devyani International baking it big, sparks fly on Pelosi’s Taiwan visit, Start up Street, and more
Here's an explainer on how both the Energy Conservation Amendment Bill and revised Nationally Determined Contribution towards climate change are aimed at achieving the country’s ambitious targets to work towards climate action.
The Indian central bank looks at a variety of economic indicators before making its interest rate decision. How have some of these data points moved since the Monetary Policy Committee last met?
States have also taken into account fiscal implications of the end of GST compensation regime in the budget estimates of 2022-23, according to the NIPFP paper.
Russia has historically been the sixth-largest supplier of coal to India, behind Indonesia, South Africa, Australia, and the United States, with Mozambique and Colombia alternatingly featuring in the top five.