India to cut food weighting in CPI in new inflation series

NEW DELHI, Jan 29 (Reuters) – India will cut the weighting of food in its CPI (Consumer Price Index) to 36.75% in a new inflation series, potentially making headline inflation readings less volatile and smoothing the outlook for monetary policy. Food prices,

Rupee settles near all-time low at 91.96 against US dollar

Mumbai, Jan 29 (PTI) The rupee settled near its all-time closing low at 91.96 (provisional) against the US dollar, amid selling pressure from foreign funds and risk-off sentiment in global markets. Forex traders said the rupee hit its all-time intra-day low of

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