Reuters India Business

By Swati Bhat MUMBAI (Reuters) – India’s monetary policy committee is likely to deliver the expected 25-basis point (bps) rate hike in April, even as global markets lowered rate hike bets from the U.S. next week following the banking crisis, economists said on Tuesday. India’s headline and core inflation has been unrelenting, with data post …

India to continue on expected rate hike path, despite global cenbank rethink – analysts Read More »

NEW DELHI (Reuters) -India’s annual wholesale price-based inflation (WPI) eased to the lowest in over two years, dragged down by a fall in overall input costs for manufacturers on the back of favourable commodity prices. WPI in February eased to 3.85% year-on-year, compared with 4.73% in the previous month. It was below the Reuters forecast …

India’s Feb wholesale inflation eases to lowest in over 2 years Read More »

(Reuters) – India’s annual retail inflation rate eased to 6.44% in February, helped by a fall in the price of some food items, but remained above central bank targets, reinforcing expectations for a further interest rate hike at its meeting next month. The February reading was higher than the 6.35% forecast by economists in a …

Instant View: India’s February retail inflation eases, raises chances of rate hike Read More »

By Manoj Kumar and Aftab Ahmed NEW DELHI (Reuters) – India’s annual retail inflation eased to 6.44% in February, helped by a fall in the price of some food items, but remained above the central bank’s target, reinforcing expectations for a further interest rate hike at its meeting next month. The February reading was higher …

India’s February retail inflation eases, raises chances of rate hike Read More »

BENGALURU (Reuters) – Shares of India’s Yes Bank Ltd fell as much as 12.7% to a seven-month low on Monday at the end of a three-year lock-in period that barred investors from selling stock they had acquired as part of the lender’s restructuring. The Reserve Bank of India (RBI) had required Yes Bank’s shareholders, which …

India’s Yes Bank drops as three-year share lock-in period ends Read More »

By Nimesh Vora MUMBAI (Reuters) – The Indian rupee rose against the U.S. currency on Monday in line with its Asian peers, but was off its opening highs on dollar demand from importers and speculators. The rupee was at 81.90 to the dollar at 11:12 a.m. IST compared with 82.04 in the previous session. The …

Rupee’s positive opening runs into dollar demand from importers Read More »

By Nishit Navin BENGALURU (Reuters) -Indian stocks inched higher on Monday, helped by gains in heavyweight information technology shares buoyed by a rally in Tech Mahindra after the company named a new chief executive, while investors waited for inflation data due later in the day. The Nifty 50 index rose 0.3% to 17,460, while the …

Indian shares rise as Tech Mahindra leads IT; await inflation data Read More »