The Reserve Bank of India’s (RBI) key policy repo rate was raised by 35 basis points on Wednesday, the fifth increase in the current cycle to tame stubbornly high inflation that has remained above the central bank’s tolerance band for 10 straight months. The monetary policy committee raised the key lending rate or repo rate …
Changes to India’s reverse repo rate since June 2001 Read More »
By M. Sriram MUMBAI (Reuters) -Indian real estate company Macrotech Developers Ltd, part of the Lodha group, plans to raise $450 million via a qualified institutional placement that will see its controlling family selling a stake of about 7%, two sources told Reuters. The proposed stake sale underscores a recent deal boom in Indian real …
India’s Macrotech Developers plans $450 million share sale -sources Read More »
MUMBAI (Reuters) – The Indian rupee should be allowed to find its level and it was important to make an objective assessment of the moves on the currency, the Reserve Bank of India Governor Shaktikanta Das said on Wednesday. “In this complex world, with both push and pull factors at play, the INR – which …
Indian rupee should be allowed to find its level – RBI’s Das Read More »
The Reserve Bank of India’s key policy repo rate was raised by 35 basis points on Wednesday, the fifth increase in the current cycle, to tame stubbornly high inflation that has remained above the central bank’s tolerance band for 10 straight months. The monetary policy committee raised the key lending rate or repo rate to …
Changes to India’s Standing Deposit Facility Rate since April 2022 Read More »
By Munsif Vengattil (Reuters) -Protests were temporarily called off at Adani’s Vizhinjam seaport in the southern Indian state of Kerala after more than four months of agitation, a protest leader said on Tuesday, but demands to halt port construction were not met. Work by the Adani Group had been paused at the port because of …
Protests called off at Adani’s south India port, for now Read More »
By Arpan Varghese (Reuters) – Gold firmed slightly on Tuesday as the dollar gave up some of its recent gains and U.S. Treasury yields retreated, with traders awaiting further direction from the Federal Reserve’s interest rate hike strategy. Spot gold rose 0.1% to $1,769.42 per ounce by 1:31 p.m. ET (1831) GMT, while moves remained …
Gold little changed as market ponders over Fed rate path Read More »
By Supantha Mukherjee and Martin Coulter STOCKHOLM/LONDON (Reuters) – Google’s Jigsaw subsidiary is launching a new anti-misinformation project in India, aimed at preventing misleading information that has been blamed for inciting violence, a top executive said. The initiative will use “prebunking” videos – designed to counter false claims before they become widespread – circulated on …
Google launches anti-misinformation campaign in India Read More »
GENEVA (Reuters) – The World Trade Organization said in a report on Tuesday that countries were introducing trade restrictions at an increased pace, particularly on food, feed and fertilisers. “Out of the 78 export restrictive measures on food, feed, and fertilizers introduced since the start of the war in late February, 57 are still in …
Trade restrictions are increasing, especially on food -WTO Read More »
By Bharath Rajeswaran BENGALURU (Reuters) – Foreign portfolio investors (FPIs) bought Indian stocks worth 362.38 billion rupees ($4.4 billion) in November, marking the second best month of overseas inflows into equities this year, data from the National Securities Depository Ltd showed. The surge in inflows comes at a time when Indian shares rose to record …
Foreign inflows in Indian equities jump in Nov as stocks hit new highs Read More »
By Manoj Kumar NEW DELHI (Reuters) -India is better placed than many other emerging economies to weather the impact of global headwinds, the World Bank said on Tuesday, revising up its growth forecast for the country to 6.9% for fiscal 2022 from an earlier estimate of 6.5%. The estimate was within the government’s own recent …
India well placed to face global headwinds -World Bank Read More »
