IntroductionIndia’s wholesale inflation rate eased to 1.89% in November, down from 2.36% in October, according to the latest data. This decline was driven by a drop in food prices, especially vegetables, offering a breather from the inflationary pressures seen in recent months. Key Drivers Behind the Decline 1. Seasonal Food Supplies Bring Relief 2. Manufactured…
Bears dominated the stock market again on August 8, as India’s key indices, Nifty and Sensex, closed lower. A significant drop in IT and Metal stocks contributed to the negative sentiment. At the close, the Sensex fell by 581.79 points or 0.73%, ending at 78,886.22. Meanwhile, the Nifty dropped by 180.50 points or 0.74%, finishing…
RBI Holds Key Interest Rate Steady at 6.5% in February Monetary Policy In its February monetary policy meeting, the Reserve Bank of India (RBI) opted to maintain the key interest rate at 6.5 percent. This decision came amidst ongoing concerns surrounding inflationary pressures and economic uncertainties. Cautious Outlook on Inflation by RBI MPC Members The…
