Inflation

Pricey Food Items Push Inflation To 4.45%

Food ProductsNew Delhi: For the week ended July 28, inflation based on the wholesale price ind

Bankex Surges As Inflation Falls

BSE's banking share index ‘Bankex’ had surged 153.28 points, or 1.92%, to 8,143.76 in noon trades on anticipations that interest rates may diminish because of lower inflation.
The existing level is a record high for the Bankex. It also hit a low of 8,019.66 during the day. On 19 July 2006, the Bankex had touched a 52-week low of 4,032.39.
State Bank of India (SBI) boosted 3.21% to Rs 1580, ICICI Bank 1.64% to Rs 966.25, HDFC Bank 0.34% to Rs 1150, Bank of India 0.26% to Rs 228.20, Punjab National Bank (PNB) 2.55% to Rs 541.80.
On the other hand, ICICI Bank, State Bank of India and HDFC bank showed weightages of 40.36%, 17.12% and 13.83%, correspondingly, in the Bankex.

Impact Of Inflation Decelerates Under Study - RBI

Pune: Yesterday, Y V ReddyRBI Governor, Y V Reddy stated that the deceleration in inflation that dan

Cement Shares Drop Precipitously

The shares in cement firms dropped precipitously on Wednesday, after the government’s trashing some duties to help imports and rein in domestic prices.

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