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FOOD INFLATION OCTOBER 2023
AI rout, energy costs add to fears of slowing global growthGlobal markets face mounting pressure from persistent inflation, rising borrowing costs and concerns over slowing economic growth. Elevated...- India's October consumer inflation likely nears top of RBI target on food costs: Reuters pollIndia's consumer inflation is projected to rise in October, mainly driven by significant increases in food prices. Economists expect food i...
- India bonds climb in step with Treasuries as oil sinksIndian government bonds increased for the fourth consecutive session following a Democratic win in the US midterm elections. This victory l...
- Gold rises after biggest daily gain since August, with US payrolls in focusOn Thursday, gold prices increased partially due to a declining US dollar, building on a strong daily surge prior. Spot gold's elevation fo...
- New orders & robust demand lift India's October services growth to 4-month highGrowth in India's services sector increased to a four-month high in October due to strong domestic demand and business orders. The HSBC Ser...
- Eurozone bond yields steady as investors await inflation data; US Treasury yields ease after midterm electionsEurozone government bond yields were steady as investors awaited October inflation data, while US Treasury yields declined after Democrats ...
- India's services growth accelerates to 55.8 in October, cost pressures ease to six-year lowIndia's services sector activity expanded at its fastest pace in four months in October, with the HSBC India Services Purchasing Managers' ...
- Gold firms on softer oil prices, US midterm results awaitedGold prices experienced a modest uptick in early Asian markets, spurred by a decline in oil prices that has helped ease inflationary concer...
- Taco Bell sales fall more than expected on cyclosporiasis outbreak hitYum Brands faced a setback in the third quarter as Taco Bell reported declining sales, primarily due to a cyclosporiasis outbreak that spar...
- No water to sow, no respite at the grocery store: India's prolonged food inflation worryIndian farmers face challenges in sowing winter crops amid dwindling water supplies from a weak monsoon. Amarsingh Gushinge's village exper...
- Nissan Motor India’s October sales fall 14% as exports drop 35%Nissan Motor India reported a 14 percent decrease in total sales during October, reflecting weak exports. The company achieved a significan...
- Gold lingers near one-year low as Fed hike expectations firmGold prices experienced a minor uptick in early trading across Asia; however, they linger near a one-year low. Persistent worries about inf...
- Charting the global economy: Central banks hold rates steadyGlobal central banks have opted to keep interest rates unchanged amidst growing inflation worries stemming from energy costs. While the Fed...
- DA could reach 65% after recent retail inflation numbers are taken into account: Can it rise to 68% for January 2027?DA hike: In September 2026, the Labour Bureau reported a rise in retail inflation to 155.4. This surge has resulted in a Dearness Allowance...
- US bonds rally, sending yields to biggest monthly decline since 2023US Treasuries experienced a notable rise as technology stock selloffs caused a shift towards safer investments. The yield on the benchmark ...
- Rs 30 per kg rice gets no takers in fair price shops, claims PMK chief AnbumaniChennai's subsidized rice scheme at Rs 30 per kg has reportedly seen poor sales figures recently. PMK president Anbumani Ramadoss indicated...
- US bond market crash: 10-year, 30-year, 2-year yield notes fall to historic lows. Here's whyUS Federal Reserve in September raised rates for the first time in three years in an effort to combat higher inflation, tied in part to hig...
- India lifted 496 million people out of poverty between 2011 and 2023, says World BankBetween 2011 and 2023, India successfully elevated about 496 million people from poverty, showcasing a significant reduction in those livin...
- Gurgaon power supply disrupted: Uprooted tree damages 3 electricity poles, leaves residents without power overnightContinuous rainfall in Gurugram resulted in a tree uprooting that damaged electricity poles. The power supply in Sector 46 remained disrupt...
- Finmin pegs Q2 expansion at 7.35%,flags capital pressure over US yieldIndia’s economy is estimated to have grown 7.35% in the September quarter, supported by strong industrial output, GST collections, energy u...
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