The rising cost of services offered by stylists to security guards is a new challenge for India’s monetary policy makers, who are ready to resume interest rate cuts as soon as the increase in inflation driven by food prices. Services inflation rose to 4.8% in September from a year earlier, …
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MUMBAI: The Governor of the Reserve Bank of India, Shaktikanta Das, will announce the policy decision of the monetary policy committee on Thursday at 10 am. This is the first meeting of the new MPC that was formed after the appointment of three external members: Jayant Verma, Ashima Goyal and …
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NEW DELHI: India’s wholesale price inflation turned positive in August after a gap of four months, during which it remained in deflationary territory, indicating that producers are slowly regaining their pricing power after the shock of supply and demand caused by the coronavirus pandemic. Data released by the industry department …
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After an initial blowout Monday morning that pushed the S&P BSE Sensex to the day high of 40,010.17, markets lost ground as the trade progressed. The S&P BSE Sensex lost more than 1,200 points in intraday trading to hit a low of 38,714.43 as trading progressed. Around 2:45 p.m., the …
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