Indian Economy share price target

India’s retail inflation eased to a more than 2-year low of 4.25% in May on an annual basis as against 4.70% in April, showed data released by the ministry of statistics on Monday. The CPI-based inflation has remained within the RBI’s tolerance band of 2-6% for the third consecutive month.

India's annual retail inflation grew at a slowest pace in twenty-five months in May'23.

The United Arab Emirates (UAE), with which India implemented a comprehensive free trade agreement in May last year, has emerged as the fourth largest investor in India during 2022-23, according to government data.

On expected lines, the RBI left policy rates unchanged at the second monetary policy meet for FY24.

The government has hiked the minimum support prices (MSP) of the key kharif crops for 2023-24 season (July-June) by 6-10.4%, the highest increase since 2018-19. The MSP for paddy, the key kharif crop, is fixed at Rs2,183/quintal, up 7% on year.

The Reserve Bank of India is expected to pause for a second straight month as inflation eases and market watchers are looking for cues of a shift in policy stance to support growth in the economy.

The Insurance Regulatory and Development Authority of India (Irdai) has directed all life and non-life insurance companies to initiate steps for quick registration and disposal of claims of victims of the triple train accident in Odisha’s Balasore district.

In the upcoming monetary policy on 8th June'23, the RBI is expected to maintain a pause on interest rates in and keep repo rate unchanged at 6.5%