Searched for
UPASNA BHARADWAJ
Rupee closes at new low on Gaza spillover, crude flare-up worriesThe rupee settled at 83.28 per US dollar, a fresh closing low. The closing level was the same as the intraday low on Monday, just shy of th...
RBI's hawkish stance, rise in crude prices could delay monetary easingProfessional forecasters, essentially economists surveyed by the Reserve Bank in September 2023 expect headline CPI inflation to moderate f...
Imposing ICRR may prompt banks to raise deposit ratesIn his latest monetary policy statement, governor Shaktikanta Das imposed a temporary incremental cash reserve ratio (I-CRR) of 10% on incr...
RBI’s generosity is good for India’s fiscal glidepath, but not enough for oil price relief: Kotak's Economist BhardwajIndia's central bank surplus transfer to the government will help it maintain fiscal prudence but it is unlikely to cut fuel taxes now, sai...
Oil firms, govt are earning well. But you may still have to pay high fuel pricesPetrol and diesel prices across many parts of India are currently hovering over the Rs 100/litre-mark. After a lull due to high internation...
India may achieve fiscal deficit aim despite threats from disinvestment and weather hindrancesIndia is unlikely to miss its budget deficit target for this fiscal year due to support from the central bank, despite hindrances such as w...
Modi government looks at fiscal consolidation in Union Budget 2023, the last one before the 2024 electionsFiscal consolidation in not a new move from the BJP government, with Modi's Cabinet choosing to stick to a path of fiscal consolidation sin...
Forex reserves pile-up may not keep paceChina is re-emerging as a competitor for international investors’ funds. As China begins to ease curbs and move to focus on the economy, it...
Expect higher CAD in the coming quartersFY'22 current account balance which are expected to be released by the end of the month. The current deficit by ratings firm India Ratings ...
India's growth budget sparks concerns on inflation, tighter ratesCoupled with global crude oil prices at seven-year highs and expectations for the U.S. Federal Reserve to raise rates more aggressively, tr...
Retail inflation accelerates to 5.39 per cent in April, IIP growth down to 0.1% in MarchThe retail inflation in March stood at 4.83 per cent, the lowest in six months. In April 2015, the rate of price rise was at 4.87 per cent.
Services growth softens in April as private sector runs out of steamThe seasonally adjusted Nikkei Services Business Activity Index dropped to 53.7 in April from 54.3 in March, data released on Wednesday sho...
India Inc presses for sops after exports dip in OctoberIndia's exports contracted by 5.04 per cent to $ 26 billion in October while imports grew by 3.62 per cent, pushing up the trade deficit as...
Interest rate to stay high as bankers see no rate cut in FY15Terming the RBI's stance as marginally hawkish, SBI chairperson Arundhati Bhattacharya said that the 6 per cent inflation target is challen...
RBI buys $19 billion in forward market to contain rupee volatilityRBI bought $19 bn in the forward market in May with the aim to contain volatility of the rupee, manage liquidity in system & fight inflatio...
- RBI changes policy stance, not growth
However, the market is divided over the timing of reversal policy stance by the central bank. The output dipped for the first time since Ju...
- India's forex reserves shrink the most since Lehman Brothers fall
As policy-makers grapple to find a way to defend rupee’s slide, economists forecast rupee to fall another 11% at least to 58 against dollar.