MUMBAI, July 31 (Reuters) – India is likely to receive below-average monsoon rainfall in August after recording average rainfall in July, the weather department said on Friday, raising concerns about crop yields and economic growth in Asia’s third-largest economy. The monsoon delivers
MUMBAI, Jan 14 (Reuters) – The Indian rupee weakened to its all-time low on Tuesday due to strong dollar bids spurred by the maturity of positions in the non-deliverable forwards (NDF) market, while likely intervention by the Reserve Bank of India helped
NEW DELHI, Jan 14 (Reuters) – India’s wholesale inflation (INWPI=ECI), opens new tab accelerated in December to 2.37% year-on-year, from 1.89% in November, government data showed on Tuesday, but in line with market expectations. The wholesale inflation rate, a proxy for producer
Mumbai, Jan 13 (PTI) The rupee logged its steepest single-day fall in nearly two years and ended the session 58 paise down at its historic low of 86.62 (provisional) against the US dollar on Monday, weighed down by a stronger American currency
NEW DELHI, Jan 13(Reuters) – India’s annual retail inflation in December eased to 5.22% from 5.48% in the previous month as the rate of increase in food price slowed, according to government data released on Monday. Annual retail inflation in December was
