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The Reserve Bank of India may again revise key interest rates by around 50 basis points in next couple of days at a time when inflation rate reduced to 0.44 per cent and country is moving toward deflation.
The significant decline in inflation gives enough room to Apex bank for interest rate revision in order to stimulate demand in the economy, facing the heat of global slowdown. However, the central bank is unlikely to revise cash reserve ratio and statutory liquid ration according to the officials of finance ministry.
Market regulator Security and Exchange Board of India plans to introduce new derivative products like lower-value contracts on individual stocks in the domestic derivative market in a bid to encourage retail investors in the option and future market.
New Delhi, Mar 19 : The rate of inflation for the week ended March 7 fell to historic low of 0.44 per cent, from 2.43 per cent a week earlier, government data showed on Thursday.
Inflation, as measured by the wholesale price index is down by 0.4 per cent to 226.7, as compared to 227.7 a week earlier, mainly due to high base effect.
The annual inflation rate during the corresponding week of the previous year was 7.78 per cent
New Delhi - India's annual rate of inflation declined to a two-decade low of 0.44 per cent for the week that ended March 7, the federal Ministry of Commerce and Industry said Thursday.
The wholesale price-linked inflation declined by 1.99 percentage points from the previous weel's 2.43 per cent, fuelling expectations that the federal Reserve Bank of India (RBI) was to further cut interest rates to boost a slowing economy.
The wholesale index includes a range of basic food items and utilities.
New Delhi, Mar. 15 : In order to propel the economy during this economic downturn, CII recommends boosting trade ties with other Latin American countries like Chile, and leverage the immense potential that exists between the two countries, by setting up bilateral forums to harness the economic linkages.
A study by CII finds ample scope for business and recommends targeting USD five billion trade between India and Chile by 2014.
New Delhi - India's inflation rate fell to a near seven-year low of 2.43 per cent in the last week of February, even as the country's industrial output declined half a per cent, government data showed Thursday.
The weekly inflation rate, linked to the wholesale price index, is the lowest since June 2002. The figure stood at 3.03 per cent in the week ending February 21.
The main reasons for the fall in inflation are lower commodity and crude oil prices.