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Mar 16, 2015

Greece must implement structural reforms – Lagarde

NEW DELHI (Reuters) – Greece needs to implement structural reforms, International Monetary Fund Managing Director Christine Lagarde said on Monday, echoing other international creditors who have urged Athens to implement reforms to secure urgently needed funds.

Leftist Prime Minister Alexis Tsipras’ government won elections in January on a pledge to roll back austerity and renegotiate the terms of a 240 billion euro bailout. But it has faced resistance from euro zone partners who are unwilling to offer major compromises.

Mar 16, 2015

Global recovery fragile, India a bright spot: Lagarde

NEW DELHI (Reuters) – The global recovery is “too slow, too brittle and too lopsided”, the head of the International Monetary Fund said in India on Monday, describing Asia’s third-largest economy as a rare bright spot on a cloudy global horizon.

In a speech in New Delhi, IMF Managing Director Christine Lagarde said that monetary policy in the world’s leading economies was out of step and, even if well managed, could cause “excessive volatility” in international financial markets.

Mar 13, 2015

Exports fall for third straight month

NEW DELHI (Reuters) – Exports fell for a third straight month in February, underscoring a risk to the economic growth, as a steep decline in shipments to major markets such as the European Union suggested orders falling for Indian factories.

Weak global demand and a decline in the value of oil product exports on the back of falling crude prices dragged down India’s merchandise exports, which account for nearly a fifth of the country’s $2 trillion economy, last month.

Mar 13, 2015

Indian exports fall for third straight month

NEW DELHI, March 13 (Reuters) – Indian exports fell for a
third straight month in February, underscoring a risk to the
economic growth, as a steep decline in shipments to major
markets such as the European Union suggested orders falling for
Indian factories.

Weak global demand and a decline in the value of oil product
exports on the back of falling crude prices dragged down India’s
merchandise exports, which account for nearly a fifth of the
country’s $2 trillion economy, last month.

Mar 12, 2015

Retail inflation edges up for third month

NEW DELHI (Reuters) – Consumer inflation edged up in February for the third straight month, mainly driven by food prices, underscoring the risk of a rebound in inflationary pressures from rising commodity prices.

The data comes ahead of Reserve Bank of India’s monetary policy meeting on April 7 and a week after the central bank cut interest rates by 25 basis points for the second time this year, acknowledging a deficit cutting roadmap set by the government in the 2015/16 budget.

Mar 12, 2015

India’s retail inflation edges up for third month

NEW DELHI (Reuters) – India’s consumer inflation edged up in February for the third straight month, mainly driven by food prices, underscoring the risk of a rebound in inflationary pressures from rising commodity prices.

The data comes ahead of Reserve Bank of India’s monetary policy meeting on April 7 and a week after the central bank cut interest rates by 25 basis points for the second time this year, acknowledging a deficit cutting roadmap set by the government in the 2015/16 budget.

Mar 12, 2015

February consumer inflation likely edged up for third month

NEW DELHI (Reuters) – Consumer inflation probably edged up in February for the third straight month, underscoring the risk of a rebound in inflationary pressures if fuel and food prices pick up.

A plunge in global oil prices and weak consumption have driven down inflation in Asia’s third-largest economy to around 5 percent from double digits in 2013, giving room to the central bank to cut interest rates twice so far this year to spur growth.

Mar 11, 2015

India’s Feb consumer inflation likely edged up for third month

NEW DELHI (Reuters) – India’s consumer inflation probably edged up in February for the third straight month, underscoring the risk of a rebound in inflationary pressures if fuel and food prices pick up.

A plunge in global oil prices and weak consumption have driven down inflation in Asia’s third-largest economy to around 5 percent from double digits in 2013, giving room to the central bank to cut interest rates twice so far this year to spur growth.

Mar 6, 2015

Government faces potential clashes with RBI over who decides rates

MUMBAI/NEW DELHI (Reuters) – Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, India’s government and central bank remain at odds over how crucial decisions are made.

Both sides support the setting up of a Monetary Policy Committee, as first officially proposed in 2014 when a different government was in power, and Reserve Bank of India (RBI) Governor Raghuram Rajan was just four months into the job.

Mar 5, 2015

India’s government faces potential clashes with RBI over who decides rates

MUMBAI/NEW DELHI (Reuters) – Having agreed this week to formally adopt inflation targeting as a guiding star for monetary policy, India’s government and central bank remain at odds over how crucial decisions are made.

Both sides support the setting up of a Monetary Policy Committee, as first officially proposed in 2014 when a different government was in power, and Reserve Bank of India Governor Raghuram Rajan was just four months into the job.