People are using RuPay less often, but they’re spending much more. Food prices climb further, running up our inflation. And other stories.
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If inflation rises, the RBI hikes interest rates. If it goes down, the RBI does nothing. Why? For that, you need to know the RBI’s real job.
The RBI gives the government an unexpected bonanza. India, meanwhile, receives very little foreign investment. And other stories.
We misunderstood 10 years of market behaviour. Valuations make no sense. Gold prices are absurd. China’s stuck. It’s an upside-down world!
When inflation is high, can the government afford to take more wheat off the market? More Indians flock to the internet, more roads are built, and the US economy has a poor outing. And more.
Inflation is inching downwards. The US Dollar is appreciating, but the Rupee – buoyed by heavy FPI inflows – stays resilient. And more.
With a strong economy and falling inflation, RBI keeps rates where they are. Automobiles don’t sell, services exports fall, but power generation stays robust. And more.
A new shipping crisis may ripple through global trade. Houthi militants attack ships passing through the Red Sea, while the Panama canal experiences a disruption due to severe drought.
No alarms and no surprises last week. Inflation stayed sticky, rural wages saw mild real growth, and merchandise trade remained steady. India’s forex reserves zoomed. US inflation refused to budge lower, while Indonesia is in trouble.
How fast did we grow last quarter? Could be 8.4% or 6.5%, depending on who you ask. Meanwhile, tax collections rise, less affluent Indians save more, and Europe finally reigns in inflation. And more.
