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Global financial services major Bank of America Merrill Lynch (BofA-ML) revised its fiscal 2016-17 CPI inflation forecast to 5.7 percent in March 2017 from 5.5 percent earlier assuming oil at USD 55 per barrel, saying the average CPI inflation forecast should drop to 5 percent, in line with RBI's 5 percent fiscal 2016-17 target.
All eyes are on Fed chair Janet Yellen's first testimony before Congress on Tuesday, as investors attempt to predict whether the well-known dovish economist will continue tapering at USD 10 billion a month or pause following a string of weaker-than-expected data.
Rating agency Crisil today said a large majority of SME promoters - as many as 53% - continue to use their own funds to tide over inflationary pressure as getting bank funds are not without difficulties for them.
The global economy faces risks from both slowed growth and persistent inflationary pressure, which is spilling over from emerging to advanced economies, Ma Delun, a vice-governor at China's central bank, said in comments reported on Friday.
Demand for gold, which is witnessing a surge in prices, is likely to remain strong in the second half of 2011, following high inflationary pressure and weak alternative investment sources like the equity markets and realty sector, World Gold Council (WGC) said today.
The Reserve Bank today said the option of going for another round of rate hike at its next mid-quarterly policy review in September do exist as inflationary pressure continues in the economy.
Finance Minister Pranab Mukherjee today said there is inflationary pressure in the economy, even as inflation in the food segment declined marginally.
Defending the government's decision to raise prices of petroleum products, the Plan panel today said it would suck money from the system and ease inflationary pressure in the long run.
China's factory expansion stabilised in April while inflationary pressures eased a tad as the government presses ahead with tightening steps to tame price rises, a survey showed on Tuesday.
China swung to a surprise trade deficit in February of USD 7.3 billion, its largest in seven years, as the Lunar New Year holiday dealt a sharper blow to export activity than had been expected.
Emil Wolter, Head of Regional Asian Equity Strategist at RBS told CNBC-TV18 that the fiscal deficit in India has become very challenging and that he sees the fiscal deficit touching 7% if crude continues to remain at elevated levels.
Edward Bell, Deputy Editor - Middle East & North Africa, Economist Intelligence Unit and Vis Shankar CEO of Europe, Middle East, Africa and Americas at SCB gave their observations on the economic and business impact the Libyan crisis was causing in the region.
Maintaining that "some inflationary pressure" will remain in a growing economy, Finance Minister Pranab Mukherjee today urged the states to strengthen PDS to enable the government insulate the poor from the adverse impact of inflation.
