Creative Bharat
MUMBAI: The rupee recorded its sharpest single-day fall in nearly three months on Monday, closing at 85.84 against the US dollar, down 60 paise from Friday’s 85.24. The decline followed a selloff in domestic equities and a rebound in the dollar index, which rose 0.3% to 102.9, even as US bond yields dropped on expectations […]
MUMBAI: RBI net sold $11.1 billion in the spot foreign exchange market in Jan, according to data released on Wednesday. It purchased $49.2 billion and sold $60.3 billion during the month.This was lower than Dec 2024, when RBI bought $54 billion and sold $69 billion, resulting in net sales of $15 billion. From April 2024 […]
India’s industrial activity witnessed a significant surge in January 2025, primarily driven by the manufacturing sector, according to ICICI Bank Global Markets report. Out of 23 manufacturing industries, 19 recorded positive momentum, an improvement from 16 in the previous month. Additionally, higher government spending in January provided further support to industrial growth, and the outlook […]
Retail inflation based on Consumer Price Index (CPI) dipped to 3.61 per cent in January, Government data showed on Wednesday. This is the lowest after July 2024. Meanwhile, industrial growth based on the Index of Industrial Production (IIP) accelearated to 5 per cent in January. Retail inflation was 4.3 per cent in January. “There is […]
Retail inflation or Consumer Price Index (CPI) inflation for the month of February eased to a 7-month low of 3.61%. This is well within the Reserve Bank of India (RBI’s) comfort zone and will likely encourage the Monetary Policy Committee (MPC) to cut repo rate in the April review to boost GDP growth.The All India […]
India’s industrial production, measured by the Index of Industrial Production (IIP), is likely to surge to 3.7 per cent year-on-year in January 2025, up from 3.2 per cent in December 2024, according to a report by Union Bank of India. The report attributed this improvement to an overall rise in industrial activity. However, the report […]
The US trade deficit widened to a record in January as companies scrambled to secure goods from overseas before President Donald Trump imposed tariffs on America’s largest trading partners.The gap in goods and services trade widened 34% from the prior month to $131.4 billion, commerce department data showed on Thursday. The value of imports rose […]
Boosted by a strong performance in the cement and refinery products sectors, the eight core industries’ output grew by 4.6 percent in January 2025, surpassing the 4.2 per cent growth recorded in January 2024, official data showed. While cement sector output grew robust 14.5 per cent (sharpest pace in 15 months) on the back of […]
Pune’s real estate market reported an 8% Year-on-Year (YoY) decline in property registrations, with 16,330 properties registered in January 2025, compared to 17,786 in the same period last year, according to data from the Maharashtra Inspector General of Registration (IGR). Pune’s real estate market reported an 8% Year-on-Year (YoY) decline in property registrations, with 16,330 […]
After record sales of fertilizers during the October-December quarter, the Indian government seems to have decided to ramp up imported fertilizers as January saw the import of the key crop nutrients double to 12.31 lakh tonnes (lt). This may potentially help India to avert a crisis in the next kharif season unlike 2024, when farmers […]
