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Food price pressures deter swifter fall in inflation to RBI’s 4% target | Economy & Policy News

by
Business Standard

[ad_1] RBI further said the global economy is losing steam, with growth slowing in some of the most resilient economies and high frequency indicators pointing to further levelling in the period ahead. Photo: Bloomberg Food price pressures is an obstacle in swifter fall in retail inflation to the Reserve Bank’s target of 4 per … Read more

Wheat inventories hit 7-year low at 9.7 MT after record state sale | Agriculture

by
Business Standard

[ad_1] In 2022, India banned wheat exports after a surge in temperatures lowered output, even as export demand rose as the Russia-Ukraine conflict led to a global shortfall (Reuters) Indian wheat inventories held in government warehouses dropped to 9.7 million metric tons, the lowest since 2017, after two straight years of low crops prompted … Read more