There are expectations government will continue with existing 4 per cent target with a 2 per cent band on either side for any short term slippages, change the target upward to support growth or change the benchmark itself from CPI to core inflation or wholesale price index (WPI)

\"We are discussing ways in which prices can be kept stable. We will be able to take a view of the issue by mid-March,\" say sources

The vaccination programme has released pent-up optimism and \"there is little doubt today that a recovery based on a revival of consumption is underway,\" RBI said.

Stock Market Updates Today: Sectorally, all the indices were rising, with 1.8% rise in media, financial services, PSU Bank and private banking indices.

BJP leader and Rajya Sabha MP Subramanian Swamy said that India's Q3 GDP growth would have been -10 per cent using Laspeyres Price Index Number and -15 per cent using Paasche Index, provided guesstimate of negative growth in MSMEs and informal sector were added to GDP

Sectorally, all the other indices ended with major losses. PSU Bank, private and financial indices declined around 4-5% today

Investor wealth fell by over Rs 6 lakh crore after BSE market cap plunged to Rs 200.12 lakh crore  intra day

Stock Market Updates Today: Sectorally, except for IT and pharma index, all the other indices ended with decent gains. Private, PSU Bank and financial indices closed 3% higher today.

The central bank has taken a number of liquidity measures outside the MPC, which means a dilution of the MPC's role. The new arrangement agreed between the government and the RBI means a review of the inflation target and not the entire framework

As per MPC minutes, Governor Shaktikanta Das said the sharp correction in food inflation has improved the near-term headline inflation outlook, although core inflation pressures persist

The growth momentum, however, needs to strengthen further for a sustained revival of the economy and for a quick return of the level of output to the pre-COVID trajectory, Das said.

Sensex and Nifty fell sharply today, led by selling pressure in the auto and banking sectors. The broader mood of the market turned bearish last week, after a few days of the lacklustre movement

Stock Market News Updates Today: M&M, Axis Bank, L&T, Maruti traded among the top losers on Sensex pack. Meanwhile, ONGC, HDFC, Tech Mahindra traded among the top gainers

The RBI working paper co-authored by RBI Deputy Governor Michael Debabrata Patra,  who is also a member of the six-member monetary policy committee has recommended that maintaining the inflation target at 4 per cent is appropriate for the country

Sectors too saw profit booking in index heavyweights from all-time highs. All sectors witnessed heavy selling pressure today, with PSU Banking dropping over 4%, followed by a 2% fall in auto and over 1.5% decline in metal and private banking index

Stock Market News Updates Today: Bajaj Finserv, IndusInd Bank, RIL, Kotak Bank were among the top gainers today, while NTPC, PowerGrid, Asian Paints, ICICI Bank, Tata Motors were among the top losers

Sectorally, auto, metal, media and PSU bank index were in buying demand, while FMCG, IT, realty, private banking and pharma sectors witnessed selling

Retail prices of heavily taxed gasoline and gasoil in India have touched record highs due to the spurt in global prices

Stock Market Updates Today: Sun Pharma, ITC, HDFC were trading among the top losers today while RIL, L&T, Maruti were among the top gainers

The BSE benchmark Sensex breached 52,000-mark on Monday after data showed the retail inflation stayed within the Reserve Bank of India's target range for the second consecutive month