India’s consumer price inflation eased more-than-expected in September to the lowest level in more than eight years, official data revealed on Monday. Consumer price inflation slowed to 1.54 percent in September from 2.07 percent in August. Economists had expected inflation to moderate to 1.70 percent. Further, this was the weakest inflation since June 2017, when prices […]
The Organisation for Economic Co-operation and Development said in a report on Tuesday that the full impact of the massive hike in trade tariffs announced by the U.S. is yet to be felt though early effects are becoming increasingly evident. In the interim outlook report, the Paris-based think tank raised the global growth forecast to
India’s private sector growth moderated in September from a record growth seen in August, flash survey results from S&P Global showed on Tuesday. The HSBC flash composite output index dropped to 61.9 in September from 63.2 in August. However, a score above 50 indicates expansion in the sector. Among components, new orders, output, and employment
India’s consumer price inflation increased for the first time in ten months in August, official data revealed on Friday. Consumer price inflation climbed to 2.07 percent in August from 1.61 percent in July, which was the lowest inflation since June 2017. The Reserve Bank of India aims to keep inflation in a 2-6 percent tolerance band.
The Indian Rupee falls marginally to near 87.20 against the US Dollar. India’s flash HSBC PMI expanded at a faster pace in August. FIIs continue to pare stakes from Indian stock markets. The Indian Rupee (INR) ticks down to near 87.20 against the US Dollar (USD) during the European session on Thursday. The USD/INR pair
The Indian Rupee drifts higher in Tuesday’s early European session. New tax measures rolled out by PM Modi’s government support the INR, but global uncertainty might cap its upside. Traders await the flash Indian HSBC PMI data on Thursday ahead of the Jackson Hole Economic Policy Symposium. The Indian Rupee (INR) gathers strength on Tuesday.
The Indian Rupee drops against the US Dollar as India’s WPI inflation grew moderately in July. US Treasury Secretary Bessent anticipates a 50-bps interest rate cut by the Fed in September. Investors await India-US producer inflation data for July. The Indian Rupee (INR) falls back against the US Dollar (USD) on Thursday after a two-day
India’s wholesale prices decreased for the second straight month in July and at the fastest pace in two years, provisional data from the Ministry of Commerce and Industry revealed on Thursday. The wholesale price index, or WPI, dropped 0.58 percent year-over-year in July, following a 0.13 percent fall in June. Economists had expected a decline
India’s manufacturing sector strengthened in July on faster increases in new orders, output and stocks of purchases, final survey data from S&P Global showed on Friday. The HSBC manufacturing Purchasing Managers’ Index rose to a 16-month high of 59.1 in July from 58.4 in June. The score was slightly below the flash estimate of 59.2.
India’s industrial production growth moderated in June, data from the Ministry of Statistics and Programme Implementation showed Monday. Industrial production rose 1.5 percent year-over-year in June, after an upwardly revised 1.9 percent growth in May. The expected increase was 2.4 percent. Further, this was the weakest rate of increase since the current sequence of growth
India’s wholesale prices decreased for the first time in nineteen months in June, provisional data from the Ministry of Commerce and Industry revealed on Monday. The wholesale price index, or WPI, dropped 0.13 percent year-over-year in June, reversing a 0.39 percent increase in May. Meanwhile, economists had expected inflation to rise to 0.52 percent. Moreover,
India HSBC Services PMI came in at 60.4, below expectations (60.7) in June Source link
The Indian Rupee steadies in Tuesday’s Asian session. A weaker US Dollar and stronger Chinese Yuan could support the INR, but RBI rate cut bets might cap its upside. The US Conference Board’s Consumer Confidence report is due later on Tuesday. The Indian Rupee (INR) flat lines on Tuesday after hitting a two-week high in
The Indian Rupee continues to weaken amid renewed USD demand from importers and persistent foreign fund outflows. USD/INR may face headwinds as the US Dollar comes under pressure following Moody’s downgrade of the US credit rating. The INR finds some support from falling crude oil prices, driven by reports of progress in US-Iran nuclear talks.
Indian Rupee posts modest gains in Thursday’s Asian session. Optimism from the US-China trade deal underpins the US Dollar and drags the INR lower. Traders brace for the US April Retail Sales and PPI data, due later on Thursday. The Indian Rupee (INR) strengthens on Thursday. The de-escalation of a trade war between the United
USD/INR lurched to one of its biggest single-day moves in recent history. Tensions are rising rapidly between India and Pakistan as military action spins up. The two regions have been caught in multiple conflicts over the Kashmir region over the years. USD/INR surged to fresh highs on Thursday, bolstered by a fresh pummeling of the
Positive developments out of Asia offered some encouragement to global investors today, though market responses remained muted. China unveiled a wide-ranging stimulus package, cutting both its seven-day reverse repo rate and the reserve requirement ratio to inject liquidity to stabilize the economy. In parallel, officials from the US and China announced plans to hold a
