New Delhi [India], June 29 (ANI): Domestic equity indices declined substantially in the opening session of Wednesday due to consistent depreciation of rupee, foreign fund outflows, prevailing inflation concerns, among others. Indian currency rupee has been consistently hitting fresh all-time
New Delhi [India], June 28 (ANI): Indian currency rupee on Tuesday hit a fresh all-time low of 78.59 per US dollar, primarily due to a sell-off in equities, rising inflationary pressures, and elevated global crude oil prices.
New Delhi [India], June 27 (ANI) Given the uneven domestic economic recovery, and a relatively larger output gap compared to pre-Covid levels, as well as higher inflation tolerance levels, rating agency ICRA expects India's policy rate hike cycle to be shallower vis-a-vis the US Fed.
Kathmandu [Nepal], June 25 (ANI): Amid growing public pressure over rising prices of goods and services, the Nepal government on Saturday decided to cut fuel prices substantially, Xinhua reported.
Istanbul [Turkey], June 24 (ANI): Turkish President Recep Tayyip Erdogan has bleak chances to retain his position despite the advancement of elections as soaring inflation and continuous fall of the Turkish Lira have deteriorated the country's economy.
Islamabad [Pakistan], June 24 (ANI): Russian Consul General Andrey Viktorovich Fedrov stated that he wasn't aware of any oil deal between Russia and Pakistan, according to The News International.
New Delhi [India], June 24 (ANI): India's headline inflation is expected to remain higher than the Reserve Bank of India (RBI) upper tolerance level of 6 per cent till December 2022, RBI Governor Shaktikanta Das has said.
New Delhi [India], June 24 (ANI): The ongoing geopolitical developments in Ukraine have challenged India's economic prospects, thereby darkening the country's outlook and making it highly uncertain, said the Reserve Bank of India's Deputy Governor Michael Patra.
New Delhi [India], June 23 (ANI): Gold prices are expected to trade in a narrow range until some clarity arises in the key interest rates and other monetary policy measures in the US, said financial services firm Emkay Wealth Management in a report.
Mumbai (Maharashtra) [India], June 22 (ANI): The Reserve Bank of India (RBI) Monetary Policy Committee decided to hike the policy repo rate by 50 basis points earlier this month in order to prevent inflation from corroding economic recovery, as per the minutes of the MPC meeting released on
New Delhi [India], June 22 (ANI): Indian currency rupee on Wednesday touched yet another fresh low of 78.29 per US dollar, primarily due to growing concerns about rising inflation.
Seoul [South Korea], June 21 (ANI/Xinhua): South Korea's headline inflation is expected to hit a 14-year high this year on growing inflationary pressures both from the demand and the supply sides, a central bank report said Tuesday.