By Aftab Ahmed and Nikunj Ohri NEW DELHI (Reuters) -India’s annual retail inflation for March rose at the slowest pace in nearly 15 months and was below the central bank’s upper tolerance level for the first time this year, on the back of softer food prices. Annual retail inflation eased to 5.66% in March from …
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(Reuters) – India’s annual retail inflation for March eased below the central bank’s upper tolerance level for the first time this year, as food prices softened. Annual retail inflation eased to 5.66% in March from 6.44% in the previous month, government data showed on Wednesday. The Reserve Bank of India targets a range of 2%-6%. …
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NEW DELHI (Reuters) – India’s annual industrial output rose 5.6% in February from a year earlier helped by growth in manufacturing and electricity generation, data from the Ministry of Statistics showed on Wednesday. Analysts in a Reuters poll had forecast an expansion of 5.1%. In January, the output rose 5.2%. In April-February, industrial output grew …
India’s industrial output rose 5.6% y/y in February Read More »
NEW DELHI (Reuters) – India on Wednesday asked Britain for increased monitoring of UK-based supporters of a Sikh separatist movement following a “breach of security” at its High Commission in London, an incident that has raised tension between the two countries. At a meeting in New Delhi between senior British and Indian home ministry officials, …
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By Nimesh Vora MUMBAI (Reuters) – The Indian rupee was likely to open marginally higher against the dollar on Wednesday ahead of the U.S. inflation data, which analysts say will influence the Federal Reserve’s rate decision at its next meeting. The non-deliverable forwards indicate the rupee will open at around 82.06-82.10 to the U.S. dollar …
BENGALURU (Reuters) – Indian shares are set for a muted start on Wednesday as corporate earnings for the March quarter begin to trickle in, amid caution ahead of key domestic and global macroeconomic data. India’s NSE stock futures listed on the Singapore exchange were up 0.08% at 17,800.50 as of 8:12 a.m. IST. The Nifty …
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By Deep Kaushik Vakil (Reuters) – Gold climbed back up above the key $2,000 level on Tuesday as the dollar came off last session’s peak, while traders hunkered down for Wednesday’s U.S. inflation data for cues on future interest rate hikes. Spot gold rose 0.8% to $2,005.79 per ounce by 2:00 p.m. EDT (1800 GMT) …
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By Medha Singh and Lisa Pauline Mattackal (Reuters) – Investors are finally set to gain access to more than $33 billion of ether this week under a planned revamp of the blockchain. A new software upgrade to the Ethereum blockchain, dubbed Shapella, will let market players redeem their “staked ether” – coins they have deposited …
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By Aditya Kalra NEW DELHI (Reuters) – A group of Indian startups has asked a court to suspend Alphabet Inc Google’s new in-app billing fee system until the country’s antitrust body investigates the U.S. firm for alleged non-compliance with its directives, a legal filing showed. The Alliance of Digital India Foundation (ADIF) last month asked …
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NEW DELHI (Reuters) – The International Monetary Fund (IMF) said on Tuesday that it expects India’s economy to grow 5.9% in the current fiscal year though it warned that turmoil in the financial system will hurt global growth. In its World Economic Outlook, the IMF forecast global real GDP growth at 2.8% for 2023 and …
IMF trims India’s growth forecast to 5.9% for current fiscal year Read More »
