Business Finance
The Reserve Bank of India has indicated there is space for further policy rate cuts after retail inflation dropped to a record low of 0.25 percent in October. RBI Governor Sanjay Malhotra said the sharp fall in inflation strengthens the case for easing, though any move will depend on the Monetary Policy Committee’s assessment. Growth […]
International
The United Kingdom’s consumer price inflation surged to 3.6% in June, marking the highest level recorded in the past 18 months. The jump from May’s 3.4% reading has caught policymakers off guard and is fueling concerns about the cost of living under the newly elected Labour government led by Prime Minister Keir Starmer. The inflation […]
Business Markets
Asian stock markets declined on Wednesday following the release of stronger-than-expected US inflation data, which dampened hopes of an early interest rate cut by the Federal Reserve. Japan’s Nikkei 225 slipped 0.3%, while Hong Kong’s Hang Seng Index also lost 0.3%. Markets in South Korea, Australia, and China saw marginal losses. The US dollar strengthened, […]