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Subbarao indicates more interventions over Re slide
Reserve Bank of India (RBI) Governor, D Subbarao, on Thursday indicated more interventions to arrest the slide of the rupee against the dollar and said some structural changes were needed for improvement in the current account. “RBI is constantly monitoring the situation and would do whatever necessary, consistent with our policy,” Subbarao said after the apex bank’s board meeting

India's growth to slow this year due to high inflation, says OECD

The Organisation for Economic Cooperation and Development (OECD) on Tuesday projected India’s economic growth rate to slow down to 7.1 per cent in 2012 against 7.3 per cent in 2011 due to

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Food inflation hits double digits, raises WPI to 7.23%
Food inflation hit double digits after six months, touching 10.49 per cent in April. It also pushed the overall rate of price rise to 7.23 per cent, compared with 6.89 per cent in the previous month.

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High inflation dashes hopes of rate cut; Mkts down for 5th day

Indian stocks fell for the fifth day in a row with BSE barometer Sensex today closing 77 points down on intense selling triggered by concerns that the rise in inflation will dim chances of further

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Real GDP growth to recover at 7.6 pc in FY13: CMIE

The real gross domestic product (GDP) is expected to recover to 7.6 percent in the current fiscal, on the back of an expected good monsoon and easing of supply constraints, economic think-tank CMIE

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India to take steps to contain food inflation: Mukherjee

The government plans to take appropriate measures to contain food inflation, Finance Minister Pranab Mukherjee told reporters on Monday. "Food inflation is a matter of concern," he said, adding

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