Prime Minister Narendra Modi has begun to focus on the beleaguered economy haemorrhaging in an ugly manner. In his meeting with Finance Minister Nirmala Sitharaman and her team, the PM has argued for quick alleviation measures.
Gold prices edged lower on Wednesday after the United States delayed tariffs on some Chinese imports, easing trade concerns, although political uncertainties and lingering global growth concerns limited losses for the safe-haven metal.
The Bimal Jalan committee met for the last time on Wednesday before it submits its report on the formula to be adopted for transfer of the RBI's surplus to the government, official sources said.
India’s annual wholesale price inflation in July eased to a 25-month low of 1.08%, indicating manufacturers are losing their power to raise prices as an economic slowdown deepens.
Oil prices fell on Wednesday on disappointing economic data from China and a rise in U.S. crude inventories, erasing some of the sharp gains in the previous session on signs of an easing in Sino-U.S. trade tensions.
Ten-year yields hit 6.30 per cent on August 7, the day of the Reserve Bank of India's larger-than-expected 35 bps rate cut, and had fallen about 1.2 percentage points since February through the day of last week’s cut.
Negative interest rate policy - an unconventional gambit once only considered by economies with chronically low inflation such as Europe and Japan - is becoming a more attractive option for some other central banks to counter unwelcome currency rises.
India's retail inflation inched lower to 3.15 per cent in July from 3.18 per cent in June and 4.17 per cent in the corresponding month of the previous year.
The slowdown-hit economy may soon get a booster dose from the government with Finance Ministry working on a stimulus package for the industry may include a slew of financial measures ranging from tax cuts, subsidies and other incentives.
Oil prices edged lower on Tuesday, offsetting narrow gains in the previous session, on the expectation major producers would continue to reduce global supplies due to a slowing economic growth outlook.
India’s fuel demand rose 3.3 per cent in July, marking its biggest year-on-year percentage gain since January, compared with the previous year.
Liquidity problems and completion of stalled projects formed the core agenda of the meeting on Sunday between Finance Minister Nirmala Sitharaman with real estate players which discussed ways to create demand in the country's realty market.
Mounting signs of an economic slowdown and a ratcheting up of the US-China trade war have caused global oil demand to grow at its slowest pace since the financial crisis of 2008, the International Energy Agency (IEA) said on Friday.
Foreign investors like Morgan Stanley, Nomura, Templeton, Fidelity, GIC (Singapore), CPDQ are likely to meet Finance Minister Nirmala Sitaraman, Finance Secretary Rajeev Kumar and DEA Secretary Atanu Chakraborty today on higher FPI surcharge issue.
Oil prices fell on Friday amid fears over demand as the U.S-China trade row casts its shadow over markets, although prices got some support from expectations of more OPEC production cuts.