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Latest News

Surprising on the downside, CPI print for Feb-18 stood at 4.44% as against 5.07% in the previous month. Deflationary pressures emanating from the food basket as well as a favorable statistical base led to this fall.
IIP, the country’s barometer for production activity, maintained strong recovery momentum, growing at 7.5% in Jan-18 after posting 7.1% in Dec-17.
WPI inflation
WPI inflation for the month of February came in at 2.48% vis-à-vis 2.84% in January despite a lack of sequential momentum due to a favorable statistical base. Deflationary momentum in primary articles was offset by a rise in fuel and manufacturing prices.
Indias trade
India’s trade deficit narrowed to USD 11.98 Bn in February compared to USD 16.29 Bn in January. Imports fell -7.1% to USD 37.81 Bn while exports jumped 6.0% to USD 25.83 Bn in February.