MUMBAI Jan 15 Shares in Bharti Airtel Ltd and Idea Cellular Ltd surged on Tuesday on speculation the Indian mobile carriers may raise voice call tariffs, several traders said.
Bharti shares were up 4.9 percent as of 0920 GMT. Idea shares were up 8 percent. (Reporting by Abhishek Vishnoi and Manoj Dharra; Editing by Anand Basu)
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Two years ago India was a "fragile five" economy growing at 5 percent, facing a severe current account deficit and the rupee at record lows as the U.S. Fed Reserve prepared to taper its stimulus programme. Today, two years into the term of RBI Governor Raghuram Rajan, India is set to confidently face the Fed's first rate rise since 2006. Full Article