economy

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.

Forex reserves down by USD 915.8 mn to USD 399.609 bn Oct 12 2018

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.

New York Fed leaves U.S. third-quarter, fourth-quarter GDP view little changed Oct 12 2018

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.

Mnuchin: Trump respects Fed but likes low interest rates Oct 12 2018

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.

G20 fails to mend trade rift, chair urges protagonists to resolve disputes Oct 12 2018

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.

Need coordinated action to minimise spillover effects of global risks: Garg Oct 12 2018

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.

Poor mining output drags IIP growth to 3-month low of 4.3 per cent in Aug Oct 12 2018

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.

Expert Views: India's September retail inflation picks up to 3.77 percent Oct 12 2018

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's Kuroda paints upbeat view on global economy despite market rout Oct 12 2018

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.