Indian Economy

Kamath seeks more measure to improve liquidity

CII President and ICICI Bank CEO, K V KamathCII President and ICICI Bank CEO, K V Kamath, demanded more measures to improve liquidity conditions in the monetary system of the country. He said that inflation rate is continuously coming down and financial institutions can expect more injection of credit in next policy review of the Reserve Bank.

India's inflation drops to lowest in six months

India's inflation drops to lowest in six monthsNew Delhi - India's inflation rate fell sharply to 8.98 per cent for the week ended November 1 from 10.72 per cent the previous week, raising hopes of further rate cuts by the Reserve Bank of India as industry figures indicated a slowing down of the economy.

The annualized inflation rate, which is linked to India's wholesale price index, had peaked in the week ended August 2 touching 12.91 per cent. The rate for the week ended November 3, 2007 was 3.35 per cent.

Inflation dips to 8.98 percent

New Delhi, Nov 13: Decline in the prices of fuel and manufactured goods has led to the fall in the wholesale price index rate to 8.98 per cent for the week ended November 1.

Rupee Gains 3.66% During The Week

Rupee Gains 3.66% During The Week  Indian currency gained 3.66% against the US dollar for the week ended Nov 7, 2008, as against the last week’s figure of Rs 49.46.

The Indian rupee surged marginally at the opening of the week, afterward, in the mid week it bounced back from its early losses. While, at the end of the week, it ended on a flat note as compared to its last close on Thursday, Nov 6, 2008.

Core industries growth at 5.1%

Core industries growth at 5.1%Indian core industrial sector registered a growth of 5.1% in September, as compared with 2.3 per cent during August this year. It would help to improve overall industrial index production (IIP) numbers which declined in August. The six core industries contribute 26.7 per cent to IIP and the recovery of growth is a healthy sign for the economy. It is also good news for the government in the election year as it is tense over retrenchment drive by some companies following economic slowdown.

Inflation increases to 10.72%

Inflation increases to 10.72%The wholesale price index based inflation reverses its trend after declining for five weeks. It rises to 10.72% for the week ended October 25 as compared to 10.68% a week ago.

The annual rate of inflation is measured by the fluctuation in wholesale prices. The recent rise in inflation is due to the increase in prices of some primary articles. Primary articles contribute 22 per cent in the overall inflation. Prices of food and non-food category also increased marginally leading to the  increasing inflation.

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