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Manufacturing PMI edges down to 55.1 in Sep

Monday,   03-Oct-2022   03:46 (IST)

India's manufacturing activity lost some momentum in September, but cost pressures continued to recede, according to the S&P Global's Purchasing Managers' Index. The S&P Global India Manufacturing PMI edged down to 55.1 from 56.2 in August, data released today showed. A reading above 50 indicates expansion in activity, while a sub-50 print is a sign of contraction. This is the 15th consecutive 50-plus print for the manufacturing PMI. In September, purchasing costs rose at the slowest pace in just under two years, while output charge inflation receded to a seven-month low, ...

India's August infrastructure output grows 3.3% y/y-govt

Friday,   30-Sep-2022   05:15 (IST)

India's infrastructure output expanded 3.3% year-on-year in August, government data showed on Friday, the lowest rate since November. Infrastructure output, which comprises eight sectors including...

India's forex reserves fall to $537.52 bln as of Sept 23

Friday,   30-Sep-2022   05:13 (IST)

India's foreign exchange reserves fell to $537.52 billion as of Sept 23, compared with $545.65 billion a week earlier, the Reserve Bank of India said on Friday. Changes in foreign currency assets,...

India's April-August fiscal deficit at $66.56 billion - govt

Friday,   30-Sep-2022   04:39 (IST)

India's fiscal deficit for the five months through August touched 5.42 trillion Indian rupees ($66.56 billion) or 32.6% of annual estimates, government data showed on Friday. Net tax receipts rose...

Indian shares surge on RBI rate hike to close best qtr in a year

Friday,   30-Sep-2022   04:13 (IST)

Indian shares rose on Friday to record their best quarter in a year, boosted by banks and metal stocks, after the country's central bank hiked its key policy rate for the fourth straight time as e...

India's cenbank hikes key rate by 50 bps, warns of broadening price pressures

Friday,   30-Sep-2022   10:39 (IST)

The Reserve Bank of India's benchmark repo rate was raised by 50 basis points on Friday, the fourth straight increase in the current cycle, as policymakers extended their battle to tame stubbornly...

Indian shares inch lower ahead of RBI policy outcome

Friday,   30-Sep-2022   09:39 (IST)

Indian shares edged lower on Friday, dragged by losses in information technology and autos, ahead of an expected rate hike decision by the country's central bank to fight inflation. The NSE Nifty ...

India's April-June current account balance at 2.8 pct of GDP

Thursday,   29-Sep-2022   05:44 (IST)

India's current account deficit widened in the April-June quarter, driven by soaring global commodity prices that pushed up the trade deficit, while large capital outflows also hurt, Reserve Bank ...

Indian shares end lower for seventh session; await RBI policy

Thursday,   29-Sep-2022   04:30 (IST)

Indian shares ended lower for seventh straight session on Thursday, dragged by tech stocks, ahead of the central bank's policy outcome on Friday amid lingering fears of a global recession. The NSE...

Indian shares rise on metals, auto boost

Thursday,   29-Sep-2022   09:38 (IST)

Indian shares opened higher on Thursday after six consecutive sessions of losses, boosted by gains in metals and auto companies, with investors eyeing support from central banks to allay fears of a gl...