The Ministry also said that a fuller transmission of the monetary policy, which essentially means pass-through of the central bank’s rate hikes to consumers by banks, may also temper domestic demand.
Indices opened with minor cuts on January 24 amid mixed cues from the global markets. BSE Sensex opened 205.06 points, or 0.29 per cent lower at 70,165.50 and NSE Nifty traded 53.50 points, 0.25 per cent 21,185.30. The indices rebounded later during the trading session.
SoftBank has previously set a PayPay listing as a goal, with one executive saying in November it was worth just under 1 trillion yen ($7.17 billion).
Rising for the fifth consecutive day, the 30-share BSE Sensex jumped 371.95 points or 0.52 per cent to settle at an all-time closing high of 72,410.38.
“Though food inflation in July is perhaps the third highest since the new CPI series began in 2014, only 48 per cent of food items have inflation of above 6 per cent, and this includes 14 food items with inflation in double digits,” it said.
The move comes at a time when the wheat and atta prices have risen in recent months and the grain stock in the central pool has depleted.
Last quarter’s robust growth may prove to be a high-water mark for the economy before a steady slowdown begins in the current October-December quarter and extends into 2024.
Large projects like KG-DWN-98/2 are critical to the country’s objective of reducing its reliance on oil and gas imports to meet its rapidly growing energy needs.
The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on Tuesday, weighed down by foreign currency outflows and the country’s shrinking current account surplus.
BMW India also reported an over 50 per cent jump in sales of its premium motorcycles under the BMW Motorrad brand at 4,667 units in January-June period this year.