Separate data earlier this week showed that retail inflation - determined by Consumer Price Index (CPI) - eased to 3.69 per cent in August, below the Reserve Bank of India's medium-term target of 4 per cent.
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Steel and mining firm ArcelorMittal tells the Supreme Court that its rival bidder NuMetal was not eligible to bid for Essar Steel on several grounds, including that it was a "shell company".
Bank fixed deposits are considered to be the safest investment instruments in terms of the guaranteed returns that they offer. Returns on fixed deposits are secure because FD interest rates do not change according to volatile market environment.
Suspected intervention by the Reserve Bank of India and weakness in the dollar overseas led to a rebound in the currency, say analysts. The Finance Ministry said the government and the central bank "will do everything" to ensure that rupee does not slide to "unreasonable levels". However, the rupee is still down more than 13 per cent against the US...
According to the Reserve Bank of India's February 12 circular, all resolution plans with an opinion or rating of RP4 are considered to have a moderate degree of safety regarding timely servicing of financial obligations.
The domestic currency traded in a wide range on Wednesday. The rupee rose as much as 84 paise against the dollar in intraday trade, after sinking to a fresh all-time low of 72.91. Suspected intervention by the Reserve Bank of India (RBI) to contain rupee depreciation supported the currency against the greenback, according to news agency Press Trust...
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