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October retail inflation rises to 6.21%

NEW DELHI, Nov 12 (Reuters) – India’s retail inflation, opens new tab in October accelerated to 6.21% year-on-year, breaching the central bank’s target range for the first time in over a year, as food prices remained stubbornly high, government data released on Tuesday showed. The annual retail inflation was higher than the estimate of 5.81% in a Reuters poll of 45 economists. In September, inflation stood at 5.49%, which was a nine-month high. The Reserve Bank of India (RBI) is mandated to keep inflation in a range of 2%-6%, with a medium term target of 4%. Annual inflation for food

Protest continues outside UPPSC office in Prayagraj, no agreement reached

Prayagraj (Uttar Pradesh) [India], November 12 (ANI): The protest by candidates demanding that Uttar Pradesh Public Service Commission (UPPSC) exams be held in a single shift continued outside the commission’s office in Prayagraj on Tuesday. According to sources, after unsuccessful talks with authorities the previous night, the students remain determined to press their demands. They are calling in more peers, expecting a larger crowd today. With biscuits and other supplies in hand, they have vowed to continue their peaceful protest until their concerns are addressed. The aspirants are demanding that the upcoming PCS and RO/ARO exams be conducted in a

Excise policy scam: Delhi High Court asks ED to respond to Kejriwal’s plea challenging summons

New Delhi, Nov 12 (PTI) The Delhi High Court on Tuesday sought response of the Enforcement Directorate on a plea by AAP leader Arvind Kejriwal challenging summons issued to him on the agency’s complaint in a money laundering case related to the alleged excise scam. Justice Manoj Kumar Ohri refused to stay the trial in the criminal case and said the trial court’s order, which has been challenged by Kejriwal, is two months old and not a fresh order. The high court issued notice to the Enforcement Directorate (ED) on the petition which has challenged the summons issued to the

RBI likely selling dollars to support rupee amid Asian currencies’ slide

MUMBAI, Nov 12 (Reuters) – The RBI (Reserve Bank of India) was likely selling dollars to support the rupee after the local currency hit its all-time low on Tuesday, pressured by a Chinese yuan-led decline in Asian currencies, four traders told Reuters. The rupee weakened to a low of 84.40 per dollar in early trading, eclipsing its previous record low of 84.3925 hit in the previous session. The currency was last flat at 84.3925. State-run banks were spotted offering dollars near 84.40 levels, most likely on behalf of the Reserve Bank of India, said the traders, who declined to be

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