By Madhumita Gokhale BENGALURU (Reuters) – India’s consumer inflation likely eased in March to 5.80% thanks to softer food price rises, dipping below the Reserve Bank of India’s upper tolerance limit for the first time this year, a Reuters poll of economists found. The data is due at 1200 GMT on April 12, less than …
India inflation seen easing in March on softening food price rises: Reuters poll Read More »
By Deep Kaushik Vakil (Reuters) – Gold prices pared some gains on Thursday ahead of a key U.S. jobs report, but bullion was still on track for a weekly rise as weak U.S. economic data spurred worries of a slowdown. Spot gold was down 0.6% to $2,009.07 per ounce by 2:53 p.m. EDT (18:53 GMT), …
Safe-haven gold eases on its way to weekly rise on economic woes Read More »
NEW DELHI (Reuters) – India will lower prices of gas produced from old blocks to $6.50 per million British thermal units (mmBtu) from Saturday as the federal cabinet approved the recommendations of a gas panel report, the information minister said on Thursday, a move aimed at reining in inflation. The price will apply to industrial …
India accepts gas panel report, lowers gas prices Read More »
NEW DELHI (Reuters) – The Indian government has formed a panel to review the country’s pension system and discuss whether changes are warranted, the finance ministry said on Thursday. Finance Minister Nirmala Sitharaman announced last month that the government would consider changes to the country’s pension system to be used by both the federal and …
Indian govt forms panel to review pension system Read More »
By Shivangi Acharya NEW DELHI (Reuters) – British defence companies are planning to boost tie ups or make new investments in India, amid broader efforts to diversify their supply chains, an industry body said on Thursday. Britain has sought to deepen economic, defence and security ties with India, committing to closer links with the Indo-Pacific …
UK defence firms keen to expand in India -business council Read More »
By Ira Dugal MUMBAI (Reuters) – The Reserve Bank of India’s decision to keep interest rates unchanged, after a nearly year-long hiking cycle, may extend even though the central bank described its move as a pause and not a pivot, said one of the few analysts who predicted the surprise decision. A Prasanna, head of …
Indian cenbank may pause on rate hikes at next meet also -ICICI PD’s Prasanna Read More »
By Swati Bhat and Sudipto Ganguly MUMBAI (Reuters) – The Reserve Bank of India (RBI) surprised markets by holding its key repo rate steady on Thursday after six consecutive hikes, saying it was closely monitoring the impact of recent global financial turbulence on the economy. The central bank said its policy stance remains focused on …
India pauses rate hikes in surprise decision, but door open for more Read More »
(Reuters) – The Reserve Bank of India (RBI) surprised markets by holding its key repo rate steady on Thursday after six consecutive hikes, saying it was closely monitoring the impact of recent global financial turbulence. The central bank said its policy stance remains focused on “withdrawal of accommodation”, signalling it could consider further rate hikes …
Instant View: India holds key rate in surprise decision, keeps door open for more hikes Read More »
MUMBAI (Reuters) – India’s central bank, on Thursday, proposed making the country’s credit bureaus more accountable by strengthening the grievance redressal system via measures such as alerting customers when their credit report is accessed and compensation for delayed or altered reports. The Reserve Bank of India said its move was taking into consideration the rise …
India cenbank proposes to make credit bureaus more accountable Read More »
MUMBAI (Reuters) – The Reserve Bank of India (RBI) is proposing expanding the reach of the popular Unified Payments Interface (UPI) digital payments system by allowing credit to be offered via pre-approved bank lines. “This initiative will further encourage innovation,” RBI governor Shaktikanta Das said on Thursday during the announcement of the central bank’s monetary …
Indian cenbank proposes expanding UPI digital payments system to allow credit Read More »
