Indians are feeling the pinch of soaring prices, passed on by companies across industries to save their margins from high input costs. As the low-to-mid income generating population largely feels the heat, consumption is seeing a sharp slowdown, and household savings have dropped to a three-decade low. This broad-based moderation in consumption in recent quarters, … Read more
AA / Ankara / Ebru Sengul Cevrioglu Oil prices fell in Tuesday’s trade amid a US decision to draw on strategic petroleum reserves (SPRs) in the United States, which eased concerns about market supplies. International benchmark Brent oil traded at $86.31 a barrel at 09:46 a.m. local time (0646 GMT), down 0.3% from yesterday’s closing … Read more
A gold shop in Ahmedabad, India. (Photo: AFP/VNA) Asian gold prices fell slightly on the afternoon of February 10, heading for the second consecutive week of decline as investors remained wary of the plan to raise interest rates by the US. U.S. Federal Reserve (Fed). Spot gold fell 0.1% to $1,859.80 an ounce at 2:40 … Read more
Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024, the International Monetary Fund (IMF) said on Tuesday. “Inflation in India as in other countries is expected to come down from … Read more