The headline inflation probably held near the central bank's comfort level of 5 percent last month, giving it room to ease policy, as commodity, food and fuel costs remained moderate, a poll found.
The Andhra Pradesh High Court on Tuesday approved the merger of Mahindra Satyam (MSat) with Tech Mahindra while dismissing the petitions of some shareholders seeking to stall the proposal in its current form so as to safeguard their financial interest.
Rupee recovered by 19 paise to 58.20 against Dollar in early trade on Wednesday at the Interbank Foreign Exchange market after RBI announced steps to check free-fall in Rupee, raising the limit for online repatriation of export proceeds by over three-fold to USD 10,000.Rupee, Dollar, Interbank Foreign Exchange, Reserve Bank of India, Rupee vs Dollar,
The Finance Ministry on Tuesday said it will take steps to increase foreign investment flows into the country to strengthen rupee and the regulators will act at appropriate time to contain the fall in domestic currency that touched a record low of 58.96 to a dollar.Raghuram Rajan, Reserve Bank of India, Chief Economic Advisor, Sebi, Current Account Deficit,
Both the precious metals, gold and silver, on Tuesday surged on stockists buying as weak rupee raised concerns of increase in import costs. While gold spurted by Rs 415 to Rs 28,515 per 10 grams, silver surged by Rs 905 to Rs 44,690 per kg on rising demand from industrial units and coin makers.Gold prices, Silver prices, Gold coins, Silver coins, Bullion report,
The consumer inflation likely eased for the third straight month in May but remained high enough to be a headache for the central bank, which is under pressure to cut rates again next week after headline wholesale inflation cooled.