RBI Policy Review
MUMBAI - The Reserve Bank of India will need to continue raising its policy interest rate given the sticky nature of inflation, the International Monetary Fund said on Thursday.
MUMBAI - The RBI surprisingly raised interest rates on Tuesday to dampen inflation, saying it was now better prepared to deal with the risk of major capital outflows roiling emerging economies.
MUMBAI - Indian drugmaker Lupin Ltd is seeking new partnership agreements as it moves into the promising fields of inhaled lung drugs and copies of biotechnology drugs, its managing director said.
MUMBAI - The Reserve Bank of India unexpectedly raised its policy interest rate on Tuesday by 25 basis points (bps) but said that if consumer price inflation eases as projected, it does not foresee further near-term tightening.
MUMBAI - The rupee fell on Friday on worries of foreign outflows as the U.S. Federal Reserve further cut its monetary stimulus while government data showed India's fiscal deficit in the first three quarters inched closer to the budgeted target for the year.
MUMBAI - The BSE Sensex edged higher on Friday, snapping a five-day losing streak as blue chips such as ICICI Bank rebounded, but indexes still suffered their worst monthly performance since the rupee slumped to a record low in August.