Mumbai Police apprehended Gurunath Meiyappan, a key official of the Indian Premier League's (IPL) Chennai franchise, late on Friday in connection with a spot-fixing scandal that has also led to the arrest of three cricketers. Full Article
Breakingviews columnists discuss the implications of inflation being in decline globally. Video
For months, markets have been dancing to central bankers' tune, but that may now be changing, writes James Saft. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Record trade gap may force govt action: Credit Suisse
Reuters Market Eye - Credit Suisse says October trade deficit of $21 billion is India's worst on record and may prompt the government to impose measures to curb the deficit such as a further increase in import duties of gold.
Although seasonal factors typically narrow the trade deficit in November and December, Credit Suisse expects a gap of at least $15 billion in the last month of the year, the bank said in an email to clients.
Credit Suisse adds RBI is "unlikely to take too kindly to the record trade deficit."
October wholesale price index is due on Wednesday, with a Reuters poll of analysts expecting headline inflation to have accelerated 7.96 percent.
That would be well above the RBI's baseline scenario of WPI at 7.5 percent by March 2013 to justify potential rate cuts in the January-March quarter.
- Tweet this
- Share this
- Digg this