Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Reserve Bank of India may find little comfort in easing inflation.


Date: 14-09-2023
Subject: Reserve Bank of India may find little comfort in easing inflation
The Reserve Bank of India won’t lower its guard yet on last month’s weaker inflation pace as lingering weather concerns can lift prices again, according to economists.

The consumer price index rose 6.83% in August, slowing from July’s pace and coming in lower than expectations for a 7.1% increase. The weaker reading was due to a decline in prices of food as the government imported vegetables, including tomatoes.


“It is too early for the RBI policy committee to let its guard down as inflation remains above the 4% target, with risks to the price outlook from sticky food segments, lower reservoir levels and developing El Nino as the winter crop approaches,” said Radhika Rao, economist with DBS Bank Ltd.


Citigroup Inc. economists Samiran Chakraborty and Baqar Murtaza Zaidi, cut their average inflation forecast for the fiscal year ending March 2024 to 5.4%, from 5.7% earlier. They expect September inflation to come in at around 5.3%, within the RBI’s target of 2%-6%.

“It might be too early to signal any monetary easing given weather-related risks,” they said in a note published late Tuesday.


Monsoon rains from June to early September are about 11% below normal, causing the driest August in a century. While India’s weather office predicts a better September overall, uneven rains can still disrupt the sowing and harvesting of crops.


If prices rise for just a few food items in the CPI basket like tomatoes and onions, the RBI may rely on liquidity management as its first line of defense against inflation, said HSBC Holdings Plc. economist Pranjul Bhandari in a note Tuesday. But persisting cereal price inflation may force it to consider rate hikes around December, she said.


In deciding to pause for a third straight policy meeting, RBI Governor Shaktikanta Das said the food price spikes were “likely short-term.” However, the central bank will need to be ready to preempt any second-round impacts, he said.
 

Source Name : Economic Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
8
+
3


What is New?

Date: 06-06-2025
Notification No. 13/2025-Customs (ADD)
Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan.

Date: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001