Adrija Chatterjee And Anup Roy Bloomberg

India's thriving farm sector - the only bright spot in its slowing economy - has become a hostage to warnings of a heat wave, muddling the outlook for policy makers already grappling with sticky inflation.

Indian shoppers are back in force online and in stores, splurging this festive season after the coronavirus pandemic damped celebrations and consumption in previous years.

Indias central bank raised its key policy rate in a surprise move Wednesday, sending bond yields higher, as it intensified the battle against inflation thats outpaced its expectations for much of the year.

India is working out a mechanism to facilitate trade with Russia using local currencies, with a decision expected as early as next week, according to people familiar with the matter.

India's thriving farm sector - the only bright spot in its slowing economy - has become a hostage to warnings of a heat wave, muddling the outlook for policy makers already grappling with sticky inflation.

Indian shoppers are back in force online and in stores, splurging this festive season after the coronavirus pandemic damped celebrations and consumption in previous years.

Indias central bank raised its key policy rate in a surprise move Wednesday, sending bond yields higher, as it intensified the battle against inflation thats outpaced its expectations for much of the year.

India is working out a mechanism to facilitate trade with Russia using local currencies, with a decision expected as early as next week, according to people familiar with the matter.