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Devendra Kumar Pant - 2 Shaktikanta Das - 1 Das - 1 Upasna Bhardwaj - 1 Suvodeep Rakshit - 1 Nikunj Ohri - 1 Aftab Ahmed - 1 Andrew Heavens - 1
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Bloomberg - 1 Getty - 1 Kotak Mahindra Bank - 1 U.S - 1 NSE - 1 BSE - 1 Research - 1 Reserve Bank of India's - 1

Search resuls for: "Devendra Kumar Pant"


2 mentions found


☆ India's central bank holds rate, looking for inflation 'elephant' to vanish
  + stars: | 2024-04-06 | by ( ) www.cnbc.com   time to read: +4 min
India's central bank held its key interest rate for a seventh straight policy meeting on Friday as growth in the economy is expected to remain robust while inflation stays above the 4% target. The six-member monetary policy committee kept the main lending rate at 6.5%, in line with expectations. While low core inflation provides comfort, the uncertainty on food inflation remains a worry. "While low core inflation provides comfort, the uncertainty on food inflation remains a worry," said Upasna Bhardwaj, chief economist at Kotak Mahindra Bank. "The increasing incidence of climate shocks remains a key upside risk to food prices," the rate setting panel said in its monetary policy statement.
Persons: Shaktikanta Das, Das, Upasna Bhardwaj, Devendra Kumar Pant Organizations: Bloomberg, Getty, Kotak Mahindra Bank, U.S, NSE, BSE, Research Locations: India
☆ India's retail inflation eases to a more than 2-year low in May
  + stars: | 2023-06-12 | by ( Aftab Ahmed Nikunj Ohri | Aftab Ahmed | Nikunj Ohri | ) www.reuters.com   time to read: +2 min
Food inflation, which accounts for nearly half of the overall consumer price basket, moderated to 2.91% in May against 3.84% in April. "Food inflation benefited from a sequential fall in the prices of fruits and oils," said Suvodeep Rakshit, economist at Kotak Institutional Equities. Core inflation, which had been easing after being a key concerns for months, remained below 6% for a third consecutive month. According to two economists' estimates, core inflation was 5.02% in May, compared with 5.2% in April. The Indian government does not release figures of core inflation, which strips out volatile food and energy prices.
Persons: Suvodeep Rakshit, Devendra Kumar Pant, Nikunj Ohri, Aftab Ahmed, Andrew Heavens Organizations: Reserve Bank of India's, Reuters, El, Thomson Locations: DELHI, Asia, India
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