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Wholesale inflation in negative zone for sixth month in a row

Wholesale inflation in negative zone for sixth month in a row
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Rupee makes a strong comeback in 2023 on back of strong portfolio inflows

After falling 10 per cent against the greenback in 2022, the rupee staged a comeback in 2023 as it appreciated, albeit marginally, on the back of strong portfolio inflows, in addition to timely intervention by the Reserve Bank of India. The Indian unit appreciated by 0.16 percent in six months until June 28. The rupee stood in third place in terms of appreciation against the US dollar among the 12 Asian currencies and in 12th place of the 23 emerging-market currencies.

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Disinflation process to be slow and protracted: RBI Governor

Amid easing inflationary pressure in the recent months Reserve Bank of India Governor Shaktikanta Das on Tuesday said the disinflation process in India will be slow and protracted with the 4% inflation target likely to be met only over the medium-term. "The cumulative impact of our monetary policy actions over the last one year is still unfolding and yet to materialise fully,"

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Wholesale Price Index inflation falls to 18-month low in September to 10 7 per cent

Business news: In manufactured products and oil seeds it was 6.34 per cent and (-) 16.55 per cent, respectively.

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Wholesale Price Index-based inflation eases to 12 41 per cent in August

Business news: The rate of price rise in vegetables was 22.29 per cent during the month under review, as against 18.25 per cent in July.

Google newsImage sourcePrice index basedWholesale price index basedReserve bankWpi inflationPi inflation eases to 12 41 per cent in augustPi inflation latest updatesWholesale price inflationManufactured itemsFood itemsReserve bank of indiaRetail inflationInflation news today