Latest News
-
Daily Relative Strength Index (RSI) In A Bullish Mode of This Pharma Stock; Buy For TP Rs 635-685 -
HDFC Bank Q4 Preview: Net Profit Likely To Grow 56% YoY; Credila Stake Sale To Fuel Earnings -
1:10 Split, Rs 299/Sh Dividend: Tata's Steel Stock Up 11% In 30-Days, Better Than Nifty; PL Says Accumulate -
625% Dividend, 1:10 Split, 3 Bonus; FMCG ITC Makes Big Acquisition Announcement; Stock Target Prices In April -
2:1 Bonus Issue: IT Penny Stock Turned; 1,600 Shares Market Lot Size Revised To 4,800 Shares -
FREE, FREE, FREE! 3:1 Bonus: Pharma Stock Hits Back-To-Back Upper Circuits; 500 Shares To Earn Rs 1,69,500 -
1:10 Stock Split: Below Rs 10, Fertilizer Sector Turned Ex-Split; 8,282% Returns In 5 Years -
Rs 17/Share Dividend: Record Date On April 26; Buy The ICICI Group Stock To Be Eligible? -
Honasa Consumer to Strengthen Operations by Merging Fusion Cosmeceutics and Just4Kids -
Wipro Reports 7.8% Decline in Q4 Net Profit; CEO Highlights Economic Challenges
Consumer Inflation To Hit Record Low Levels In June
The consumer inflation index is expected to see the lowest figure since the new series began in the year 2012. And if sustained, the low inflation will push the government to cut interest rates.
Amid sharp fall in food as well as oil prices, consumer inflation of the Indian economy is expected to cool to record low levels for the month of June. The move shall intensify a call for interest rate cuts.
Meanwhile RBI is also trying to figure out the impact of the newly implemented GST on inflation even though majority of the food products are exempted from the GST net.
For the month of June, CPI or consumer price inflation is likely to restore to levels of 1.7% as against 2.18% percent for the month of May. If such levels are sustained, it shall be the lowest recored CPI since the launch of the new series in 2012 and much below the RBI's inflationary target for the medium term of 4% for eight successive term.
The data for the CPI inflation shall be released on July 12 at 12 GMT. Core inflation has in an other case stood well above over 4% levels since the year 2015.
Goodreturns.in
