Monetary policy to now target inflation, to be 6% by Jan 2016
"The Reserve Bank will aim to bring inflation below 6 per cent by January 2016. The target of financial year 2016-17 and all subsequent years shall be four per cent with a band of (+/-) 2 per cent," the agreement said.
Mar 02, 2015, 11:56 AM IST
Sensex ends 271 points up; capital goods stocks gain
Ahead of the release of crucial inflation data, a benchmark index of Indian equities markets provisionally closed Thursday`s trade up 271 points or 0.95 percent.
Feb 12, 2015, 16:47 PM IST
New retail inflation series to be released today
The first series (revised) has been compiled for January which will be released on February 12.
Feb 12, 2015, 08:24 AM IST
British inflation rate plunges to record-low 0.5%
Britain`s annual inflation rate dived in December to 0.5 percent, matching a record low on the back of sliding oil prices, official data showed Tuesday.
Jan 13, 2015, 17:11 PM IST
IIP at 3-month high, inflation cools to 5.52%; all eyes on RBI
Reflecting improvement in economy, industrial output grew to three-month high of 2.5 percent in September, while retail inflation cooled to 5.52 percent in October, prompting the industry to step up the demand for a cut in interest rate by the Reserve Bank.
Nov 12, 2014, 21:09 PM IST
September retail inflation likely eased on lower food, fuel costs
The RBI has set a target of bringing inflation down to eight percent by January 2015 and six percent by January 2016.
Oct 13, 2014, 11:40 AM IST
Raghuram Rajan likely to hold onto key rates today
Wholesale price index (WPI) inflation has also eased, although more sharply, to 3.74 percent in August from 5.55 percent at the start of the current fiscal.
Sep 29, 2014, 19:22 PM IST
Rate cut not likely before January next year: Kotak
Rate cut by RBI could happen only in January-June period of the next year as inflation is still high, Kotak Mahindra Bank Vice Chairman and Managing Director Uday Kotak on Tuesday said.
Sep 16, 2014, 16:24 PM IST
Retail inflation rises to 7.96% in July on costly veggies
Retail inflation inched up to 7.96 percent in July, mainly due to higher prices of food items such as vegetables, fruits and milk.
Aug 12, 2014, 20:20 PM IST
SBI Research sees retail inflation trending down further
Retail inflation, as measured by consumer price index (CPI), was 8.28 percent in May. Its lowest was 7.65 percent in January, 2012.
Jul 15, 2014, 20:25 PM IST
Share all info regarding Indian black money: CPI to govt
CPI on Sunday asked the government to share all information regarding Indian black money parked in foreign banks as Switzerland was readying a list of Indians suspected to have un-taxed money in Swiss banks.
Jun 22, 2014, 20:56 PM IST
