India WPI Fuel YoY
When it comes to inflation in India, the wholesale price index (WPI) is the most often used indicator. This index (WPI) is a price index that monitors the price of a typical basket of wholesale products. In India, the index is broken into three categories: Manufactured Goods (64.2%), Primary Articles (22.6%), and Fuel and Power (13.2%). 15.2% of overall weight is made up of Food Articles from the Primary Articles Category. Basic Metals (which account for 9.7% of overall weight), Food Items (9.1%), Chemicals and Chemical Products (6.5%), and Textiles (4.9%) are the most significant components of the Manufactured Products category.
A higher than expected figure should be seen as positive (bullish) for the INR while a lower than expected figure should be seen as negative (bearish) for the INR.
News (INR)
India Private Sector Growth Strongest In 4 Months
India's private sector grew the most in four months in December as there were quicker increases in output at both manufacturers and service providers, flash data compiled by S&P Global showed on Monday. The HSBC composite output index registered 60.7 in December, up from 58.6 in November. A score above 50.0 indicates expansion.
RTTNews | 5 days ago
India Names Sanjay Malhotra As New RBI Governor
The Indian government on Monday named a top bureaucrat Sanjay Malhotra as the new governor of the Reserve Bank of India. Malhotra, who is currently the revenue secretary in the Ministry of Finance, will take charge from December 11 for a period of three years. He will succeed Shaktikanta Das who has held the post since 2018.
RTTNews | 12 days ago
India Keeps Rates Unchanged, Lowers CRR To Boost Liquidity
The Reserve Bank of India left its key policy rates unchanged for the eleventh straight session and maintained a neutral stance, but its move to cut the cash reserve ratio by 50 basis points to infuse liquidity signaled that policymakers are more concerned about the growth outlook than inflation. RBI Governor said the committee voted 4-2 to maintain the policy repo rate at 6.50 percent.
RTTNews | 15 days ago
