Read more about RBI MPC Status Quo On Rates; FY22 Growth Forecast At 9.5% on Business Standard. The Monetary Policy Committee (MPC) at its meeting today, June 4, 2021 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent, on the basis of an assessment of the current and evolving
Read more about Market trades with modest losses; metal stocks rise for third day on Business Standard. The key equity indices were trading with modest losses in mid-afternoon trade. Metal shares extended recent gains. The Nifty was trading tad above the 15,650 mark.
All-India Consumer Price Index for Industrial Workers (2016=100) for April, 2021 increased to 120.1 points compared to 119.6 points for March, 2021. The increase observed in index is mainly due to items like Arhar Dal, Masur Dal, Fish Fresh, Goat Meat, Poultry Chicken, Eggs-Hen, Edible Oils, Apple, Banana, Grapes, Leechi, Orange, Papaya, Tea Leaf, Tea Hot-drink, Barber/Beautician Charges, Flowers/Flower Garlands, Doctor s Fee, Rail Fare, Servicing Charges of Motor Cycle, Cable Charges, etc. which experienced an increase in prices. However, inflation for April, 2021 went down to 5.14% compared to 5.64% of previous month.
Food inflation also declined to 4.78% from 5.36% in the previous month. The All-India CPI-IW for April, 2021 increased by 0.5 points and stood at 120.1 (one hundred twenty and point one). On 1-month percentage change, it increased by 0.42% with respect to previous month compared to an increase of 0.92% recorded between corresponding months a year ago.
Read more about US Market plummets on inflation fears on Business Standard. At the close of trade, the Dow Jones Industrial Average index stumbled 681.50 points, or 1.99%, to 33,588. The S&P 500 index was down 89.06 points, or 2.14%, at 4,063. The tech-heavy Nasdaq Composite Index fell 357.75 points, or 2.67%, to 13,032.