The Sensex was trading at 48,455.13, showing a rise of 505.13 points or 1.05 per cent in opening deals; while the broader Nifty was trading higher by 150.20 points or 1.05 per cent at 14,509.65

The second Covid wave is also expected to upset the RBI's inflation calculation as local lockdowns impact supply chain and logistics

On a month-on-month basis, WPI inflation saw 1.57 per cent rise as compared to 4.17 per cent in February, the commerce ministry data shows. For January, the WPI inflation rate stood at 2.51 per cent

The April 5-8 poll of more than 50 economists showed retail inflation rose to 5.40 per cent in March from a year earlier as opposed to 5.03 per cent in February. Forecasts ranged from 4.60% to 6.11 per cent

While the RBI has kept the repo rate unchanged, hinting at short-term interest rates to remain low, the risk from ultra-loose monetary policy is certainly on the rise as the future inflation trajectory has an upward bias

The central bank kept its key policy repo rate unchanged at 4 per cent, but warned that the recent surge in COVID-19 infections has created uncertainty over economic growth recovery

The RBI had said two months ago that urban demand and demand for contact-intensive services are expected to strengthen with the substantial fall in COVID-19 cases but things have changed since then. Here's what the central bank will have to factor in while announcing GDP and inflation projections

As per ICRA, at such low gas prices, gas production remains a loss-making proposition for most fields for the Indian upstream producers notwithstanding some decline in oil field services, equipment costs

The domestic gas price notified at $1.79 per million British thermal unit for the six months beginning April 1 remains the lowest since the institution of the modified Rangarajan formula

The RBI is trying its best to keep the interest rates low to support the economic recovery and also facilitate government's huge borrowing plan in 2021-22

Aviation turbine fuel (ATF) price was reduced by Rs 1,887 per kilolitre, or 3 per cent, to Rs 58,374.16 per kl in the national capital, according to a price notification of state-owned fuel retailers

The reduction in cooking gas prices comes close on the heels of assembly elections in four states and one union territory (West Bengal, Assam, Kerala, Tamil Nadu and Puducherry) which started on March 27 onwards

The price cut comes on the back of softened crude oil and petroleum prices during the second fortnight of March on account of recent surge in COVID-19 cases and vaccine uncertainty

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All eight core industries reported decline in output during February 2021. However, electricity production, in line with recent trends, saw only a marginal decline of 0.2 per cent

The interest rates seem to have bottomed out in the economy. The benchmark repo rate , which saw a decline from 8 per cent seven years ago to 4 per cent in May last year , is now steady at the current level. The repo rate is the rate at which banks borrow funds from RBI. It acts as a benchmark for fixing interest rates for home loans and other loan products. While the  Government and the RBI is trying their best to keep the interest rate low, but five factors point to rising interest rate risk for the borrowers. These are rising retail inflation, higher international crude prices, second Covid wave, higher G-Sec yields and gradual rise in banks term deposit rates. ALSO WATCH | Cryptocurrency Ban: Regulatory Framework for assets like Bitcoin, Ethereum & RippleALSO READ | Debit card, credit card auto-payment: What are the big changes?READ MORE | Hardening G-Sec yields to push up borrowing cost for govt, corporates

Moody's Analytics also pointed out that core inflation rose to 5.6 per cent in February from 5.3 per cent in January, and called it 'uncomfortably high'.

The rupee is expected to average around 73.50-74 in FY22, as, despite a vaccine, the COVID-19 frenzy still persists and is likely to continue to grapple the foreign exchange market

The fuel prices were cut by 19-21 paise while diesel rates fell by 19-22 across the major cities in the country

Speaking in Rajya Sabha while participating in a discussion on the Finance Bill 2021, Modi told the lower house of Parliament that the Centre and states combined collect over Rs 5 lakh crore tax on petroleum products