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India's fiscal deficit and inflation outlook could prevent any upgrades in the country's sovereign rating, even as the economy is headed for recovery, Moody's Investors Service said on Wednesday.Although Moody's expects the government to meet the fiscal deficit target of 4.1 percent for the fiscal year ending in March, it noted the country's finances would "remain vulnerable to future cyclical downturns ...
Indian services activity expanded at its weakest rate in three months in August as firms' order books filled up at a slower pace, a business survey showed on Wednesday.The HSBC Services Purchasing Managers' Index (PMI), compiled by Markit, fell to 50.6 in August from 52.2 in July. A number above 50 denotes growth while anything below implies contraction.The new business sub-index fell to 51.9 from ...
Gold fell to its lowest in 2-1/2 months on Tuesday, breaking through key support at its August lows as stock markets rose and the dollar hit a one-year high against the euro ahead of a European Central Bank meeting this week.The metal has been underpinned by worries over the stand-off between Russia and the West over Ukraine and persistent unrest in the Middle East, but strength in stocks and the dollar, ...
Mumbai: Indian gold imports and premiums are likely to surge during the rest of the year as buying picks up for the wedding and festival season, the head of the country's biggest gold refiner said on Tuesday. Premiums could jump to $10-$12 an ounce over the global benchmark from the current levels of $4-$5, said MMTC-PAMP Managing Director Rajesh Khosla. Imports could climb to 60-70 tonnes per ...
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