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Fed spells out how it will forecast rate changes
The Federal Reserve has specified how it will begin signaling when its benchmark interest rate will rise and what the rate will be at points in the future.Four times a year starting Wednesday, the Fed will show in a chart the year when Fed officials predict they will begin raising the rate. Another chart will show individual Fed members' predictions for the rate at the end of 2012, 2013 and 2014.More

Another chilly, foggy day for Delhiites
New Delhi: Yet another chilly morning greeted Delhiites today with the minimum temperature settling at 6.6 degree Celsius even as dense fog hit flight operations at the airport here. The minimum

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Rupee ends higher; shares, flows aid

A sharp rebound in local shares amid recovering global appetite for risk and some dollar inflows lifted the rupee on Wednesday, even though its outlook remains bearish. Traders said recent measures

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RBI expected to keep rates on hold

The Reserve Bank of India (RBI) is widely expected to keep rates on hold at its review on Friday, but economists in a new Reuters poll expect it to accelerate monetary easing in 2012 as economic

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RBI expected to keep rates on hold

The Reserve Bank (RBI) of India is widely expected to keep rates on hold at its review on Friday, but economists in a new Reuters poll expect it to accelerate monetary easing in 2012 as economic

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India inches closer to crisis as rupee retreats

India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving the Reserve Bank of India (RBI) with a difficult choice over how to make best use of its limited

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