NEW DELHI India's state-run oil marketing companies are very unlikely to raise diesel prices on Thursday, following a government decision giving them the authority to do so, a senior government official with knowledge of the issue told Reuters.
(Reporting by Nidhi Verma, writing by Matthias Williams, editing by Ross Colvin)
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Ready for Rate Hike
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