Aditi Nayar, Chief Economist, ICRA, says the WPI inflation may harden a little bit in the current month, somewhere in the range of 2.5% to maybe 2.8% or 3%. It will track a slightly different trend from the CPI in terms of how sequentially things are moving but they will end up converging closer together … Read more
When it comes to parking one’s hard-earned money into safe investment tools, fixed deposit schemes are still the most chased ones looking at the volatility in the market. As the Reserve Bank of India kept the repo rate at the same level, many banks have tweaked their fixed deposit rates to attract customers. In the … Read more
Indian bond yields could increase 4-11 basis points in the quarter ending September, driven by crude oil prices and the inflation trajectory, forecasts Crisil. Yield on the 10-year benchmark government bond could move up 4 basis points (bps) in the three-month period, while the change for corporate and state bonds could be as much as … Read more
India‘s current account deficit widened to 4.4 per cent of the GDP in the quarter that ended September, from 2.2 per cent GDP during the April-June period, due to higher trade gap, as per data released by the Reserve Bank. “India’s current account balance recorded a deficit of USD 36.4 billion (4.4 per cent of … Read more
In addition to trade deficit, higher repatriation of investment income also contributed to the current account deficit in the latest The current account – the sum of import and export of goods and services- in the balance of payments ended in a deficit of $ 9.6 billion or 1.3 per cent of GDP during the … Read more
India’s current account in the balance of payments ended in a surplus to the extent of 0.9 per cent of GDP in FY ’21 for the first time in 17 years amid a trade surplus due to contraction in pandemic induced import demand. But as the economy opened up in the latter parts of the … Read more