What's NewRetail inflation remained flat in September 2017.

The retail inflation in India, as measured by the Consumer Price Index (CPI), stood at 3.28% YoY in September, same as the previous month. The stagnation was due to the fall in food inflation which was covered up by an increase in the housing inflation. (October 13th, 2017)

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In September 2017, the retail inflation remained unchanged at 3.28% YoY from the previous month.

 

India's consumer price index (CPI) inflation for September 2017 was 3.28% YoY, lower than Reuters' poll expectation of 3.60% YoY. Inflation remained unchanged from the previous month as government revised down its August figure of 3.36% to 3.28% YoY. Additionally, the rural index recorded a slight fall of 0.7% YoY, whereas the urban areas witnessed a 0.9% YoY rise in inflation.

The Consumer Food Price Index (CFPI), a gauge for food inflation, softened to 1....

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By end-September 2017, the INR/USD exchange rate stood at 65.36, weakest in 7 months.

The exchange rate of the Indian Rupee(INR) with other major currencies such as US Dollar, Euro, and Japanese Yen are published by the Reserve Bank of India on a monthly and daily basis. The spot exchange rate specifies how much Indian rupee is equivalent to a unit of the specified currency. The Indian rupee followed a pegged exchange rate system till 1991 after which it was shifted to floating exchange rate system following an economic crisis ...

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WPI inflation in India cools to 2.6% YoY in September as food inflation (WPI food index) dips close to 2% YoY.

The all-India wholesale level inflation, as measured by the Wholesale Price Index(WPI), eased to 2.6% YoY in September from a 4-month high of 3.24% YoY in the previous month. The fall in WPI inflation was led by a sharp dip in food inflation, as measured by WPI food index, to 1.97% YoY in September 2017 from a high of 4.41% YoY in August. The dip in WPI inflation was contrary to the market expectations (Reuter's Poll) of an increase in WPI inf...

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India's trade deficit in September 2017 stood at USD 8.98 billion, contracting by 1.4% from a year ago.

In September 2017, India's trade deficit was USD 8.98 billion, a contraction of 1.4% from a year ago. 

Total exports in the month of September was USD 28.61 billion, a growth of 25.67% year on year(YoY). The rise in exports is mainly due to rise in exports of engineering goods, petroleum products and chemicals. The cumulative value of exports for the period April-September 2017-18 was USD 14.71 billion, an increase of 11.52% from a year ago.

Tot...

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In August 2017, FDI inflows surged to a record high of 8.6 billion USD, an increase of 4.6 billion USD from July 2017.

Total investment inflows for the month of August increased to 9.1 billion USD. The foreign direct investment (FDI) into the country reached an all-time high of 8.6 billion USD. According to the monthly RBI bulletin, India received 19.7 USD billion FDI during the period April-August 2017. The unfurling of the consolidated FDI Poli...

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