Business · Economy · 1 hr ago
India to release inflation and foreign reserve data this week
India is due to release three economic updates this week: September retail inflation, September wholesale inflation and foreign exchange reserves data.
Retail inflation figures are scheduled for October 12, wholesale figures for October 14 and reserves data for October 16.
In August, retail inflation rose to 4.82 per cent from 4.45 per cent in July, with food prices a key pressure.
Wholesale inflation also rose, reaching 9.92 per cent in August from 9.78 per cent in July.
India’s foreign exchange reserves fell for a fourth straight week, dropping to $734.6 billion in the week ended October 2.
The central bank has sold dollars to help limit pressure on the rupee, while higher crude oil prices have also weighed on reserves.
Despite the decline, the RBI governor said reserves could cover about 11 months of imports and equalled 94.4 per cent of external debt.
India is due to release September retail inflation data on October 12, followed by wholesale inflation data on October 14.
The Reserve Bank of India will release foreign exchange reserves data for the week ended October 9 on October 16.
The releases will focus attention on inflation and India’s external financial position.
Retail inflation rose to 4.82 per cent in August from 4.45 per cent in July.
Foreign exchange reserves fell by $12.95 billion to $734.6 billion in the week ended October 2.
- Who
- The government will release retail and wholesale inflation data; the Reserve Bank of India will release foreign exchange reserves data.
- What
- India is due to publish September inflation figures and weekly foreign exchange reserves data.
- When
- October 12 for retail inflation, October 14 for wholesale inflation and October 16 for reserves data.
- Where
- India.
- Why
- The releases will cover inflation and the country’s external financial position.
This story does not have two clearly opposing sides.
India’s reserves provided import cover of about 11 months and were equivalent to 94.4 per cent of the country’s external debt.
The government is due to release retail inflation data for September.
September wholesale price inflation data is due to be released.
The RBI is due to release foreign exchange reserves data for the week ended October 9.
- Retail inflation
- 4.82 per cent in August, up from 4.45 per cent in July
- Wholesale inflation
- 9.92 per cent in August, up from 9.78 per cent in July
- Foreign exchange reserves
- $734.6 billion in the week ended October 2, after a $12.95 billion fall
- Retail inflation release
- October 12
- Wholesale inflation release
- October 14
- Reserves data release
- October 16
Sources
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