The equity benchmark Sensex dived about 346 points owing to an intense fag-end selling mainly in auto and energy stocks as fresh worries about weakening rupee and rising crude oil prices resurfaced.
Bank of America Merrill Lynch (BofAML) Monday said the RBI is likely to reduce the cash reserve ratio (CRR), or the amount of bank deposits parked with the central bank, by one percentage point in December, if the portfolio flows do not revive.
India's retail inflation rose marginally to 3.77 per cent in September owing to higher fuel and food prices, showed the government data released.
The British economy’s summer surge turned out to be stronger than expected as warm weather spurred consumer spending and housebuilding, official data showed on Wednesday.
India’s core annual consumer price inflation was seen around 6 percent in August, according to three analysts.
India’s annual retail inflation eased to 3.69 percent in August from 4.17 percent in July, the statistics ministry said on Wednesday, helped by a smaller rise in food prices.
Retail inflation cooled to an 11-month low of 3.69 per cent in August mainly due to a fall in prices of kitchen items, including fruits and vegetables, official data showed.
Corporate India is facing increasing borrowing costs given the rise in bank lending rates, potentially dampening industrial production and revival in domestic demand going forward, says a report.
Insolvency and Bankruptcy Code (IBC) has put the debt recovery process on fast track and improved the position of banks, according to a Ficci survey.
Britain’s economy picked up some speed in the second quarter after a sharp winter slowdown earlier in the year but lost momentum in June, official data showed.