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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

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

2,337 steps a day can cut risk of dying from heart disease: Study

2,337 steps a day could start to reduce the risk of dying from heart and circulatory diseases. A study published in the European Journal of Preventive Cardiology in 2023, which analysed 17 previous studies involving over 200,000 people, found it. Many of us have heard that walking 10,000 steps a day is best for our health. As a result, various step-counting apps and watches have become very popular over the years. The new study has suggested that maybe 10,000 steps is not the magic solution we think it is. Moreover, at least 3,867 steps were found to decrease the risk

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