In its quarterly results revealed on Thursday, the company said that it would be considering increasing the prices of its products in order to mitigate the impact of persistently high inflation.
The local currency opened at 75.10 against the dollar compared to Tuesday's close at 75.35 against the greenback. The rupee oscillated between 74.83 to 75.13 against the dollar during trade today. The currency market was closed on Tuesday on account of ‘Id-E-Milad’.
This compares to a cooling-off to 5.3 per cent recorded in August this year. The calm in inflation figures came after several months wherein the inflation levels had breached the threshold 6 per cent mark mandated by the RBI.
With US sanctions still strangling the economy, record-breaking inflation has hit ordinary Iranians where it hurts most.
Beneath the glossy sheen of an up-and-coming economy - the dreams and aspirations of many an Indian have been diminished over the decade. Several, just forced to barely survive.
Beneath the glossy sheen of an up and coming economy - the dreams and aspirations of many an Indian have been diminished over the decade. Several, just forced to barely survive.
RBI's September 2021 bulletin said inflation outcome for August 2021 "vindicated" the Monetary Policy Committee's suggestion for treating the May price shock as transitory
Consumer price inflation accelerated to 3.2 per cent in the 12 months through August from 2per cent the previous month, the Office for National Statistics said on Wednesday
The steepest fall in the CPI numbers for agricultural and rural labourers was experienced by Tamil Nadu
The Consumer Price Index (CPI) based inflation was 6.26 per cent in June and 6.73 per cent in July 2020.
As per anti money laundering investigator, officials from the two previous administrations had spent about USD 300 million in government money to purchase spyware
The impact of higher fuel prices and input costs of manufacturing units has led to both wholesale and retail inflation rising beyond RBI’s preferred comfortable level of 6 per cent for the last few months.
The S&P 500 index climbed 1 per cent to 4,411.79, while the Dow rose 0.7 per cent to 35,061.55 and the Nasdaq composite gained 1 per cent to 14,836.99
As per the Office for National Statistics the annual rate of inflation rose to 2.5% in June from 2.1% the previous month
Inflation accelerated to 2.1 per cent in the 12 months through May from 1.5 per cent in April, the Office for National Statistics said Wednesday.
As of Monday, the 5y5y was trading at 2.28per cent, an indication that annual inflation will be close to the Federal Reserve's 2per cent target.
Global oil benchmark Brent crude futures rose 0.29 per cent to USD 73.07 per barrel.
The 30-share BSE index traded 220.67 points or 0.42 per cent higher at 52,772.20 in initial deals.
Pakistan's cricket captain Babar Azam, left, and Mohammad Rizwan celebrate their victory in the Cricket Twenty20 World Cup match between India and Pakistan in Dubai, UAE.AP Photo/Aijaz Rahi
Pakistan's Mohammad Rizwan runs to celebrate their victory in the Cricket Twenty20 World Cup match between India and Pakistan in Dubai, UAE.AP Photo/Aijaz Rahi
Indian cricket captain Virat Kohli, centre, hugs Pakistan's Mohammad Rizwan after Pakistan won the the Cricket Twenty20 World Cup match between India and Pakistan in Dubai, UAE.AP Photo/Aijaz Rahi
India's Mohammed Shami reacts after he was hit by three consecutive boundaries during the Cricket Twenty20 World Cup match between India and Pakistan in Dubai, UAE.AP Photo/Aijaz Rahi
Pakistan's Mohammad Rizwan reacts after hitting a six during the Cricket Twenty20 World Cup match between India and Pakistan in Dubai, UAE.AP Photo/Aijaz Rahi
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