RBI Governor to meet industry chambers on Thursday
The meeting comes ahead of the sixth bi-monthly monetary policy statement for 2018-19 scheduled to be announced on February 7.
The meeting comes ahead of the sixth bi-monthly monetary policy statement for 2018-19 scheduled to be announced on February 7.
The industrial production measured in terms of Index of Industrial Production (IIP) was 4.8 per cent in August last year
Growth as measured by the Index of Industrial Production (IIP) was 4.9% in April compared with 4.5% in March, data released by the statistics office on Tuesday showed
According to the Japanese financial services major, industrial production growth averaged 6.2% in the January-March period, up from 5.9% in Q4.
Industry bodies yet again nudged the RBI to lower interest rate as retail inflation fell to a 4-month low of 4.44 per cent in February.
According to Dun & Bradstreet, there has been improvement on some parameters of the economy following the slowdown, post demonetisation and GST.
According to Dun & Bradstreet's latest Economy Observer Index, post the impact of the structural reforms like demonetisation and GST, there has been improvement in some parameters in the recent period.
Since the market was expecting a poor set of numbers for this quarter, it did not react negatively. Some sectors, though, belied Street expectations.
June’s inflation figure is the lowest since the series began in 2012 and below the RBI’s medium-term target of 4 per cent for an eighth successive month. Core inflation, however, has remained stubbornly above 4 per cent since at least 2015.