The Nikkei Manufacturing Purchasing Managers' Index, compiled by IHS Markit, rose to 50.7 in February from 50.4 in January. That beat a Reuters poll median of 50.3 and was the highest level since November.
The CSO, which released the quarterly GDP figures today, has been barred by the Election Commission from releasing any state-specific data during the ongoing assembly elections lest it should influence voting pattern.
The month-on-month fall compared with a median market forecast of a 0.3 percent rise and a revised 0.7 percent gain in December, data by the Ministry of Economy, Trade and Industry (METI) showed.
Amid signs of slide in consumer goods sales and muted investment activity because of the cash crunch, it is highly likely that the CSO will sharply revise downwards India‘s GDP growth in its second advance estimates.
The central bank on Monday announced the launch of the latest 'Inflation Expectations Survey of Households' across 18 cities aimed at capturing subjective assessments on price movements.
Hemant Kanawala of Kotak Mahindra Old Mutual Life Insurance believes the telecom sector will see intense competition as Reliance Jio intends to capture 20-25 percent of the revenue share in the next couple of years.
In the recent monetary policy meeting conducted on February 8, RBI Governor Urjit Patel said that one of the main reasons for not cutting the policy interest rates is core inflation being sticky.
The minutes from the Reserve Bank's February 8 policy meeting shows that focus has shifted to lowering inflation towards the medium term target of 4 percent.
Minutes of the discussions in minutes released Wednesday showed that while Fed officials decided to keep a key rate unchanged at their January 31- February 1 meeting, there was growing concern about inflation if the economy out-performed expectations.
While three members highlighted the need to change the stance from accommodative to neutral, four mentioned that inflation excluding food and fuel remains â€œstickyâ€ at close to 5 percent
Kuroda said Japan's economic growth was accelerating and keeping inflation on track to hit the BOJ's 2 percent target during the fiscal year ending in March 2019, in line with its latest quarterly forecasts made in November.
HDFC Mutual Fund is quite optimistic on Indian market as macro economic indicators are favorable for making investments, says ace fund manager Prashant Jain, Executive Director & Chief Investment Officer at HDFC Mutual Fund.
As Deputy Governor of the Reserve Bank of India in 2014, Urjit Patel famously called the central bank an "owl".
in an interview to Rahul Joshi, Network 18 Group Editor-in-Chief, RBI Governor Urjit Patel reinforced the point on why it was important to look through the headline inflation number.
Key takeaways from RBI Governor Urjit Patel's interview to Moneycontrol and CNBC-TV18.
On an average, premiums could go up by 20 percent. Product prices can only be revised every three years
India's WPI inflation rose to a 30-month high of 5.2 percent in January from 3.4 percent in December. WPI inflation, which reflects the annual rate of price rise, has risen for the second straight month, notwithstanding the cash crunch following demonetisation.
The 12-month inflation rate hit 1.8 percent last month compared with 1.6 percent in December, the Office for National Statistics (ONS) said in a statement.
High levels of liquidity have prevented the spillover effect to the equity markets, but one needs to see strong corporate earnings to prevent money from leaving equities.
The world may witness the comeback of El Nino this September, according to officials at the meteorological department, but the Indian monsoon may escape the impact the weather phenomenon brings with it.
It seems the glory days are back for the dollar. The greenback rose to a three week high on Monday all thanks to US President‘s promise to cut taxes to encourage corporate profits and investments. The dollar has gained strength in the past few months and the dollar index has breached the 100 point mark.
Much of the pick up in consumer prices was likely due to higher food and transportation prices heading into the long Lunar New Year holiday, the National Bureau of Statistics said.
India‘s retail inflation rate moderated to 3.17 percent in January from December‘s 3.41 percent, mirroring weak demand as households and companies, hit by demonetisation-induced cash crunch, put off spending and investment.
Consumer Price Index (CPI) for the month of January will be released today after market hours. A CNBC-TV18 poll estimates CPI at 3.21 percent versus 3.41 percent month-on-month. Core inflation is expected to be sticky at around 5 percent versus 4.9 percent.
Reserve Bank of India Governor Urjit Patel said that given the quantum of reduction in repo rates that have taken place over the past two years, there is some more scope for reduction in lending rates.