Reuters India Business

(Reuters) – Credit ratings agency S&P Global upgraded India’s long-term unsolicited sovereign credit ratings to “BBB” from “BBB-” on Thursday, citing economic resilience and sustained fiscal consolidation. COMMENTARY: SUVODEEP RAKSHIT, CHIEF ECONOMIST, KOTAK INSTITUTIONAL EQUITIES The ratings upgrade from S&P reflects the impact of prudent fiscal policy. The central government’s quality of expenditure has improved along …

Instant View: S&P Global upgrades India’s sovereign credit ratings to “BBB” Read More »

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -Indian shares ended flat on Thursday ahead of U.S.–Russia talks on Ukraine but logged weekly gains as IT and pharma stocks rose after a U.S.–China tariff truce extension and rising hopes of a Fed rate cut. The Nifty 50 rose 0.05% to 24,631.3 points, while the BSE …

IT, pharma lead Indian shares to weekly gains ahead of Russia-US talks Read More »

By Swati Bhat MUMBAI (Reuters) -Credit rating agency S&P Global upgraded India’s long-term unsolicited sovereign credit ratings to “BBB” from “BBB-” on Thursday, citing economic resilience and sustained fiscal consolidation. The agency had revised the outlook on India’s rating in May last year to positive from stable on robust growth and improved quality of government …

S&P upgrades India rating on economic resilience, sustained fiscal consolidation Read More »

(Corrects paragraph six to say the rupee was down 0.1%, not 0.%. Also adds “Indian” in headline) By Nimesh Vora MUMBAI (Reuters) -Indian rupee options markets suggest traders aren’t too anxious about Friday’s meeting between the presidents of the U.S. and Russia, with near-term implied volatility at its lowest this month and option pricing showing …

Are Indian rupee traders jittery about Trump-Putin meet? Options suggest not really Read More »