WASHINGTON, July 25 (Reuters) – India’s move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International Monetary Fund chief economist Pierre-Olivier Gourinchas said on Tuesday. Gourinchas told a news conference that India’s restriction would have a similar effect of the …
Read More »India rate cut bets pushed to mid-2024 amid inflation jump – traders
MUMBAI, July 24 (Reuters) – The recent rise in inflation has prompted Indian investors to push back rate cut expectations by at least a quarter to the middle of 2024, with a sustained rise in prices likely to prompt a further repricing, traders and analysts said on Monday. Surging food …
Read More »India’s economy to hold top spot for GDP but not so much for job growth: Reuters poll
BENGALURU, July 24 (Reuters) – India’s economy will grow at a solid pace for the rest of this fiscal year and next but well below its potential rate, according to a Reuters poll of economists who also said the employment situation will improve only slightly. The world’s most populous country …
Read More »Exclusive: India’s rice export curbs put contracts for 2 million tons at risk – trade
MUMBAI, July 21 (Reuters) – India’s decision to ban non-basmati white rice exports will spur traders to cancel contracts to sell around 2 million metric tons of the grain, worth $1 billion, on the world market, dealers said on Friday. India, which accounts for 40% of world rice exports, on …
Read More »India forex reserves top $600 billion, rise to near 15-month high
MUMBAI, July 21 (Reuters) – India’s foreign exchange reserves (INFXR=ECI) rose for a third straight week to a total of $609.02 billion as of July 14, the highest in nearly 15 months, data from the central bank showed on Friday. They rose by $12.74 billion from the week earlier – …
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