India’s Wholesale Price Inflation At (-)0.52 Percent Due To Falling Prices In August
The WPI Food Index, which accounts for 24.38% of the WPI, decreased from 187.7 in July 2023 to 186.1 in August 2023. The rate of inflation based on the WPI Food Index also declined from 7.75% in July 2023 to 5.62% in August 2023, read the press release.
WPI Inflation Rate in India Drop to Lowest Level in 29 Months
India's Wholesale Price-Based Inflation Eases to 1.34% in March 2023
Service Sector India Slowing Down
The S&P Global India Services Purchasing Managers' Index decreased to 57.8 from 59.4 in February last month, underperforming the 58.3 estimate in a Reuters poll. The service sector in India continued to grow after February, both in terms of new business intake and production
Loan EMIs To Go Up As Repo Rate Hiked By 25 Bps To 6.5%
The RBI has brought down the liquidity surplus in the banking system to below 2 trillion rupees ($24.19 billion) from around 9-10 trillion rupees..
