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Business

India’s policymakers to stay focused despite high inflation

MUMBAI: Inflation in India is rebounding and on course to accelerate after the world’s biggest election concludes this month. Yet that’s unlikely to distract monetary policymakers from their focus on supporting economic growth.

Business

India cuts key rate to boost flagging economy

MUMBAI: India’s central bank delivered a back-to-back interest rate cut to support a sluggish economy a week before elections kick off.

Business

India central bank to keep rates on hold

MUMBAI: The Reserve Bank of India (RBI) is expected to keep interest rates on hold today for the fourth straight meeting but maintain a cautious tone despite a sharper-than-expected pullback in inflation in the last few months.

Business

India growth to hold strong

BENGALURU: India's growth rate is set to remain one of the fastest in the world this year with inflation running just slightly above 5%, leaving the Reserve Bank of India (RBI) on the sidelines for at least another six months, a Reuters poll showed on Thursday.

Business

Rajan heads India's central bank as rupee tumbles

MUMBAI: Top economist Raghuram Rajan, renowned for predicting the 2008 global financial crisis, has taken over as head of India’s central bank amid the country’s worst financial storm in years.

Business

Optimistic India budget jars with revenue reality

NEW DELHI: Staking his credibility on meeting a deficit-cutting target, Indian Finance Minister P. Chidambaram is likely to be forced to scale back spending in the upcoming fiscal year after delivering a federal budget that makes aggressive revenue assumptions.

Business

Slow India Q4 growth expected

BANGALORE: India’s economy likely grew at its slowest pace in more than two years during the final months of 2011 as high interest rates and booming input costs hampered manufacturing activity, according to a Reuters poll.