Food items account for 39% of the overall CPI basket. Non-food inflation, the data shows, has fallen consistently in the last one year. | Latest News India
The statistics ministry will release Consumer Price Index data for September and industrial production data for August on October 12, with the latter expected to have surged to 9.1 percent
Retail inflation in India moderated to 6.83 per cent in August, offering relief to the Reserve Bank of India (RBI) and bond investors. However, experts remain cautious due to factors such as rising crude oil prices, poor monsoon, and risks to food inflation beyond vegetables.
Shares of Adani Ports opened over 3% lower after auditing firm Deloitte resigned as its auditor. Deloittes resignation comes after it asked Adani Ports to conduct an independent inquiry on related party transactions flagged by Hindenburg. But the company did not agree to take the auditing firm s advice.