Inflationary pressure News

While favourable monsoon will be vital for rural recovery, the trend in commodity prices and recovery in construction activities also hold equal importance, domestic rating agency Icra said.

 Confidence among Indian businesses fell to a five month low in May, and with rising inflationary pressure, there is limited scope for the RBI to cut rates, says a survey.

Indian business sentiment fell close to the lows of 2014 in August, a Deutsche Boerse survey Tuesday said adding there is "strong possibility" that the RBI will go for a rate cut before the September 29 policy meet.

Gold extended losses into a third session on Friday, dropping to a one-week low, on expectations that plunging oil prices could sap inflationary pressure, curbing the metal`s appeal as a hedge.

Brazil`s central bank will keep its key interest rate on hold at 11 percent a month before its presidential vote despite a recession and inflationary pressures, analysts indicated Tuesday.