Point to point rate of inflation based on the CPI-AL and CPI-RL decreased to 3.25 per cent and 3.34 per cent in December 2020, a labour ministry statement said

On the positive side, BofA Securities said credit demand is bottoming out and the real lending rates adjusted for wholesale price inflation are falling

Except for pharma, realty and financial services, all other indices on NSE closed in green territory, with over 3% gain registered in PSU banking sector

This is the lowest point in retail inflation since March last year, when it was pegged at 5.84 per cent, marking a return to the comfort range of 2-6 per cent prescribed by the Reserve Bank of India for the first time in nine months

Some FMCG companies like Marico and others have already gone for price hike, while some which include Dabur, Parle and Patanjali are closely monitoring the situation

Experts expect that further rally in the market may need the economy to regain its mojo for which the Union Budget will prove to be a ideal platform

Crude oil prices also rise to highest levels since February 2020 as Saudi Arabia announces a big voluntary production cut and on a steep fall in US crude inventories

Corporate leaders expect economic recovery to take over a year as the pandemic continues to affect businesses, finds the latest Business Today's Business Confidence Index survey

How the FM can make it a 'never before' Budget. Top experts weigh in

The RBI paper, authored by Harendra Kumar Behera and Michael Debabrata Patra, finds that there is a steady decline in trend inflation to 4.1- 4.3 per cent since 2014

Rural urban inflation dynamics in India reveals close co-movement, with episodic divergences driven by different components - food, fuel or ex-food and fuel - which do not persist long, says RBI

A combination of cost-push factors including supply side disruptions, sharp increase in international commodity prices, high retail margins and elevated taxes on petroleum products have kept inflation above the upper tolerance band, says Shaktikanta Das

Experts believe retail inflation is likely to average around 6.3 per cent this fiscal and mostly will remain sticky going forward owing to pick-up in demand across sectors

Retail inflation decreased to 6.93% in Nov from 7.61% in Oct; Russia's Sputnik V shows 91.4% efficacy; Gmail, YouTube, other Google services back after massive global outage. Watch this and more news on News Blast.

S&P says India is following the path of most economies across Asia-Pacific in experiencing a faster-than-expected recovery in manufacturing production

Gmail, YouTube, other Google services back after massive global outage Google services including YouTube and Gmail are back after an outage that lasted close to an hour. Users worldwide are now reporting that the services of the tech giant have resumed functionality. YouTube was apparently the last service to have had its glitch rectified, while services like Gmail were reportedly brought back to normalcy faster. COVID-19 vaccine: Russia's Sputnik V shows 91.4% efficacyRussia's Sputnik V...

The CPI inflation continues to remain above 6 per cent throughout this year -- except in March -- higher than the Reserve Bank of India's comfort zone of 4-6 per cent

India Stock Market Highlights Today: ONGC followed by Tata Steel, L&T, Sun Pharma, M&M, ICICI Bank and NTPC were among the top gainers in the Sensex pack

In its Global Economic Outlook, Fitch said the coronavirus recession has inflicted severe economic scarring and the country needs to repair balance sheets and increase caution about long-term planning

Earlier in the day, RBI Governor Shaktikanta Das said the inflation trajectory has not panned as per the central bank's expectations and upped its target for the price rise situation in the next one year