Indian retail inflation probably reached a 12-month high in September, but still...
BENGALURU - Indian retail inflation probably reached a 12-month high in September, but still leaving room for further interest rate cuts because it’s expected to remain below the Reserve Bank of India’s target, according to a Reuters poll.
An extended monsoon has delayed harvests and interrupted the supplies of vegetables like onions, a key ingredient in Indian kitchens. That probably pushed retail inflation higher last month; food prices account for over half the inflation basket. The Oct. 4-9 poll of over 40 economists predicted India’s annual consumer inflation rose to 3.7% in September, its highest in a year. Forecasts ranged from 3.10% to 3.92%. Only two economists expected inflation to be lower than August’s 3.21%.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's Xi supports Pakistan on Kashmir, boosts military ties ahead of meeting with IndiaChina 'supports the Pakistani side' and says 'the rights and wrongs are clear' in Kashmir, but there's an even wider game of geopolitical competition playing out in Asia.
Read more »
Selfie slip leaves four dead at India damFour members of the same family drowned at a dam in India on Sunday after slipping into the water while trying to take a selfie.
Read more »
India to lift travel advisory on Kashmir two months after crackdownIndia will lift a travel advisory on the disputed region of Kashmir on Thursday,...
Read more »
A Series Of Illustrations Captures The Unique Quirks of Doors Across South IndiaBangalore-bred illustrator rkrishnamani drew on his travels across South India to highlight an often underrated part of modern decor - doors, and the volumes they speak about the people who live inside. DigitalExclusive Design
Read more »
China's September new loans seen rising, more policy easing expected: Reuters pollChina's new bank loans likely rose in September but other key gauges of cre...
Read more »
Another theory on why stocks are under pressure lately: The 'Warren correction'Some Wall Street analysts are saying that Elizabeth Warren's recent surge in the polls is hurting stocks.
Read more »