India's retail inflation rose marginally to 3.77 per cent in September owing to higher fuel and food prices, showed the government data released.
The country's foreign exchange reserves declined by USD 915.8 million to USD 399.609 billion in the week to October 5 on account of a fall in foreign currency assets, according to RBI data.
U.S. gross domestic product is expanding at a 2.25 percent clip in the third quarter compared with a 2.27 percent pace calculated a week ago following this week’s inflation data, the New York Federal Reserve’s Nowcast model showed.
Treasury Secretary Steve Mnuchin said on Friday that U.S. President Donald Trump does not feel he needs to attack the Federal Reserve and respects its independence.
Trade tensions within the Group of 20 leading industrialised and emerging economies could only be solved by the countries directly involved, the chairman of a meeting of finance leaders from the G20 said after a gathering in Bali.
Asserting that trade tensions and rising oil prices are affecting emerging nations, Economic Affairs Secretary Subhash Chandra Garg said G-20 countries should take coordinated action to minimise the negative spillover effects of global risks on developing economies.
Industrial production growth slipped to a three-month low of 4.3 per cent in August mainly due to a sharp decline in the mining sector output and poor offtake of capital goods, according to the Central Statistics Office (CSO) data.
India’s retail inflation rate slightly picked up to 3.77 percent in September, government data showed on Friday, driven by higher food and fuel prices and a depreciating rupee.
Bank of Japan Governor Haruhiko Kuroda said on Friday there were some adjustments seen in financial markets but this did not change the view that global growth prospects remained solid.