Going forward, economists said the looming impact of revised minimum support prices (MSPs), surge in crude oil prices and sharp weakening of the rupee against the dollar would push up the inflation in the second half, a risk that may weigh in the minds of the Reserve Bank of India (RBI) in its policy review next month. NDTV delivers reliable information across all platforms: TV, Internet and Mobile. The target was last met in October 2017, when CPI inflation had come in at 3.58 per cent.
For many hapless consumers who are ravaged by the effects of the weak rupee and soaring domestic fuel prices, there was some solace on Wednesday in the form of good news on the retail inflation and industrial output front.
Food inflation slowed to 0.29 percent from a year earlier, against 1.37 percent in July.
Softening inflation could give Prime Minister Narendra Modi a boost as he faces general elections next year.
While oil prices have risen almost 15 per cent this year, the rupee touched an all-time low of 72.01 against U.S. dollar on Wednesday's mid-day trade, before strengthening to 71.86 in later in the day.
The International Monetary Fund, in its annual report on India released in August, warned that average inflation was likely to rise to 5.2 per cent in the 2018/19 fiscal year from a 17-year low of 3.6 per cent in the previous fiscal year. The tumble has sparked discontent in a country that relies heavily on imports for its fuel needs.
The RBI, which next meets on October 5, has raised its benchmark rate by a total of 50 basis points at its past two meetings, to 6.5 per cent, while warning about inflationary pressures.
Devendra Kumar Pant, Chief Economist, India Ratings, said a robust 1Q FY19 GDP growth, coupled with declining inflation trajectory and a relatively stable IIP growth, should make the RBI more optimistic about the economy and hold on policy rate in the forthcoming policy review in view of two back-to-back hikes.
In fact, the background score, the action sequences and Rajinikanth - Akshay Kumar's avatars will surely grab your attention. For the first time in the history, a teaser in 3D format along with regular 2D format will be released in theatres.
Il avait montré des signes de faiblesse au niveau de son articulation dès son troisième tour face au Russe Karen Khachanov (22e). Pour changer votre pseudo (une fois inscrit), il faut se rendre sur la page de votre profil disqus et changer la case 'Name'.
Yesterday officials in Beaufort County, home to Hilton Head Island, held a news conference and urged people to leave voluntarily. The hurricane is expected to weaken into a tropical depression as it continues westward into SC and Georgia.
Mr Anwar said there were several others who offered to give up their seats but "Danyal was one of the most serious ones". Mr Anwar was not present at the press conference as he was on a flight back from Hong Kong.
Kendall and her sisters are no stranger to risque photo shoots, though we haven't seen Kendall quite like this before. Kendall matched her outfit with a daring red lipstick with her hair tied up in a neat bun.
EIA data signals the US will maintain its position as the world's largest global crude oil producer through 2019. In 2014, a drop in oil prices caused US crude oil companies to trim overhead and downsize production.
Nine people have died and 46 others injured after an SUV plowed into a crowd in Hengdong county in Hunan Province, China. Police identified the suspect as a 54-year-old Chinese man named Yang Zanyun from the same county.
The unemployment rate has since declined to a near 18-year low of 3.9 percent and the economy continued to churn out jobs. The U.S. economy has added jobs each month since October 2010, and the unemployment rate dropped below 4 percent in April.
But Brafman accused Thompson to trying to bolster her position in the lawsuit. "This is a further attempt to publicly disgrace Mr. Would you like to do it some more?" She replies: "A little bit... a little high, that's a little high, that's a little high".
Meanwhile, Liverpool FC will return to Premier League action on Saturday lunchtime when they travel to Tottenham Hotspur . You can see that there is a lot of quality in our team and we are hard-working every day. "We need to keep working hard".
ERIC TRUMP attacks Democrats: "Anti-law enforcement, high taxes, and elimination of plastic straws is not a message that will win in November".
Usain Bolt could be a full-back - Vicente del Bosque
Playing just over 20 minutes, the man himself admitted he was some way off proving he has what it takes to nail down a deal. To make the event, Bolt had put a halt to his trial with the Mariners Down Under, but is expected to resume his audition.
NRJ Mobile lance sa box 4G à 29,99 € par mois
Avec ses forfaits mobiles, le MNVO propose le choix au client: Orange, SFR ou Bouygues Telecom (avec SFR choisi par défaut). Les box 4G , qui permettent de profiter à la maison d'une connexion fixe en 4G, ont fait leur trou dans le paysage.
Meghan Markle labelled 'duchASS' by angry sister Samantha
Meghan Markle has been dubbed a "Ducha-" by her bitter half-sister as her family rivalry continues, RadarOnline.com can report . As you know, the Duchess recently flew coach to spend time with her designer bestie Jessica Mulroney in Toronto.