RBC economists said that soaring food and energy prices, rising interest rates and ongoing labour shortages will push the economy into a "moderate contraction" next year
On Wednesday, the Fed stepped up its drive to tame inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaled more large rate increases to come.
From crude, metal to edible oil, prices of most commodities are dipping—a good news for India which is a net importer of commodities
The Office for National Statistics (ONS) found that inflation, which is the rate at which prices rise, has surged from an already high 7 per cent in March
Since January, India’s currency has been weakening fast. Rupee has depreciated to 78.17 against the US dollar from 74.25 in January