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India Inc sees room for more rate cuts by RBI as inflation rises

India Inc said on Monday there is room for further rate cut by the Reserve Bank of India to boost investments from private sector and revive industrial growth, as wholesale inflation rose to 1.88% in July. “Given the trend and outlook for inflation, we see clear space for a more accommodative stance in the monetary policy. This is all the more important given the state of industrial sector where growth is anaemic. “Private sector investments continue to remain weak which is key concern for now. We look forward to a…

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UK inflation steady at 2.3% in March business live

The pound is currently up 0.25% at $1.2441, having been as high as $1.2445 and as low as $1.2404. FXTM research analyst Lukman Otunuga said: Sterling was volatile on Tuesday, with prices oscillating between losses and gains after markets digested the UK’s steady 2.3% inflation figure for March, which was the highest level since September 2013. The ongoing currency weakness created by Brexit, coupled with rising oil prices has elevated inflation above the Bank of England’s 2% target, with speculation mounting over CPI following its positive trajectory this quarter. Although…

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high food expenses Pose venture to India’s Inflation goal

prices of many foodstuffs inclusive of pulses, sugar, veggies and hen products are set to surge in India inside the next three months on skinny supplies, which could gasoline inflation and supply the significant financial institution little room to reduce charges, stated analysts. April consumer price inflation broke a latest slowing fashion after meals inflation came in at 6.32 percent, in comparison with 5.21 percent in March. meals costs are a political hot potato in India, in which more than a quarter of its populace of one.2 billion people stay…

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