Victorious Boris Johnson
Boris Johnson have won the UK Parliament elections. What does that mean for the Forex market? The article takes the first look at the answers.
India's October retail inflation hits seven-month maximum
In October, India's retail inflation climbed up to a seven-month maximum, powered by faster ascends in prices of food as well as fuel products, thus dampening chances of an interest rate drop by the country’s major financial institution next month.
In October, India's annual consumer inflation soared to 3.58% from 2016, as government data disclosed on Monday.
Experts surveyed by Reuters had expected October's CPI inflation rate to ascend to 3.46% from September's outcome 3.28%.
Some market experts expect India's decision on Friday to reduce tax rates on up to 178 items, including detergent powders and chocolates to from 28% to 18% could marginally decrease retail inflation in the nearer months.
In India, retail inflation has been steadily ascending since June, when it relieved to 1.46%, which is its slowest tempo since this country started publishing such figures in January 2012, built around combined data for rural as well as urban consumers.
Similar
Trump boosts the market optimism
There is positive news concerning the US-China trade deal. We've prepared an overview of the current state of the situation.
Top 4 trading opportunities of December 12
The GBP traders await the outcome of the election, while the euro may follow the words of the new ECB president Christine Lagarde. Read more!
Latest news
Victorious Boris Johnson
Boris Johnson have won the UK Parliament elections. What does that mean for the Forex market? The article takes the first look at the answers.
Trump boosts the market optimism
There is positive news concerning the US-China trade deal. We've prepared an overview of the current state of the situation.
Top 4 trading opportunities of December 12
The GBP traders await the outcome of the election, while the euro may follow the words of the new ECB president Christine Lagarde. Read more!
Deposit with your local payment systems
