Official data released on Tuesday indicated that through October, wholesale inflation in India remained in the negative for the seventh consecutive month
In the private equity (PE) sector, there was a 40 per cent reduction in the number of deals and a 28 per cent decrease in their values compared to YTD 2022.
Annual retail inflation, called CPI or consumer price index, rose 5.02 per cent in September from 6.83 per cent in the previous month on the back of softer vegetable prices, according to data released by the National Statistical Office
RBI Governor Shaktikanta Das said the central bank is concerned and it has identified high inflation as a major risk to macro-economic stability and sustainable growth
RBI typically conducts six bi-monthly meetings in a financial year, where it deliberates interest rates, money supply, inflation outlook, and various macroeconomic indicators
Pakistan faces an uphill task when it comes to economic recovery under a caretaker government following the approval of a $3 billion loan by the International Monetary Fund in July
The decision to increase the price of commercial LPG gas cylinder by Rs 209 have left the shopkeepers and restaurateurs running tea, samosa and kachori shops very worried.
The report also points out that while the currencies of developing economies in Asia have marginally depreciated, Pakistan's currency has seen a steep devaluation of 30%
US Federal Reserve in its September policy meeting left the key interest rate unchanged at 5.25-5.50 per cent but cautioned it may go for additional tightening of monetary policy