India

India’s March Inflation Eases to 4.91%, Remains Above RBI Target

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Inflation

Economists surveyed by Reuters project that India’s consumer price inflation likely moderated to a five-month low of 4.91% in March. Despite this decrease, it remains above the Reserve Bank of India’s medium-term target of 4%, mainly due to persistent food price increases. RBI Governor Shaktikanta Das expressed concerns about food price volatility, emphasizing its impact … Read more

India’s February Silver Imports Hit Record, Expected to Jump 66% in 2024

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Silver

In February, India experienced an unprecedented surge in silver imports, skyrocketing by 260% to achieve a record-breaking high. This remarkable increase was attributed to lower duties, enticing substantial purchases from the United Arab Emirates (UAE), according to both government and industry insiders. Projections indicate that this trend will continue, with imports expected to escalate by … Read more