Reuters India Business

By Nikunj Ohri and Manoj Kumar NEW DELHI (Reuters) -India’s retail inflation surged to a 14-month high in October, driven by a jump in vegetable prices and dashing hopes of an interest rate cut by the central bank next month. The annual retail inflation of 6.21% in October breached the central bank’s tolerance band for …

India’s retail inflation surges to 14-month high in October as vegetable prices soar Read More »

(Corrects paragraph 1 to clarify only Nifty 50 fell for the fourth straight session, and not both benchmarks) By Hritam Mukherjee (Reuters) -India’s benchmark index NSE Nifty 50 fell for the fourth straight session on Tuesday, dragged down by losses in Britannia after it missed quarterly profit expectations and on persistent foreign selling. The Nifty …

Britannia, foreign selling weigh on Indian shares Read More »

(Reuters) -India’s retail inflation in October accelerated to 6.21% year-on-year, breaching the central bank’s target range for the first time in over a year, as food prices remained stubbornly high, government data released on Tuesday showed. The annual retail inflation was higher than the estimate of 5.81% in a Reuters poll of 45 economists. In …

India’s October retail inflation accelerates to 6.21% Read More »

By Rahul Paswan (Reuters) – Gold prices dipped 1% to their lowest levels in nearly two months on Tuesday as the U.S. dollar soared ahead of economic data and comments from Federal Reserve officials that could shed light on the interest-rate path under the Trump administration. Spot gold was down 0.9% at $2,596.16 per ounce …

Gold drops 1% to two-month low as US dollar marches higher Read More »

By Jaspreet Kalra MUMBAI (Reuters) – The Indian rupee touched its all-time low on Tuesday, pressured by the dollar’s rise to a more than four-month peak and on likely outflows from local equities. The rupee hit a low of 84.4125 before ending at 84.3925, unchanged from its closing level in the previous session. The currency …

Rupee falls to record low on buoyant dollar, persistent outflows Read More »

(Reuters) -Hyundai Motor India, the country’s No.2 carmaker by market share, reported a 16.5% decline in quarterly profit due to lower domestic sales and as Red Sea disruptions hurt exports, its first earnings report since listing showed on Tuesday. The company’s shares fell nearly 3% before recovering to trade down about 1% in late afternoon …

Hyundai Motor India’s Q2 profit drops 16.5% on weak demand, Red Sea export disruptions Read More »