Petrol, Diesel prices today: Fuel prices rise Delhi, Mumbai and other states; check latest city-wise rates here

Inflation continues to hit fuel prices in India amid rising crude oil prices on the international market. Today, the price of petrol, which has crossed the Rs 100-mark across the country, has put a dent in the pockets of the public. On October 11, 2021, petrol is being sold above Rs 100 per litre in most states of…

Sensex, Nifty inch lower as Reliance drags, inflation data in focus

Indian shares inched lower on Monday, dragged by heavyweight Reliance Industries after the conglomerate delayed the launch of a low-cost smartphone it is developing with Google, with investors awaiting key inflation data due later in the day The blue-chip NSE Nifty 50 index was down 0.22% at 17,335.35 by 9:18 am, while…

Government must fear inflation more than RBI

The release of the minutes of the Monetary Policy Committee shows that at least two members are very worried about inflation.Jayant Verma a vocal external member of the MPC writes: “Indian inflation rates have been consistently well above the midpoint of the tolerance zone for an extended period and are forecast to…

Monetary Policy Committee Needs To Be Watchful On Inflation: Minutes

The monetary policy committee must be watchful of inflation expectations getting entrenched if prices remain elevated for too long, as it could undermine its hard-earned credibility in efficient inflation targeting, MPC member Jayant Varma wrote in the June meeting minutes published on Friday. “To maintain and…