RBI unlikely to cut rates next week New Delhi

The Reserve Bank of India is likely to keep policy rates unchanged in its monetary policy review next week, although inflation for the second the second consecutive month in November has declined,......

Fuel price hike a bold step: HSBC, Citi

Financial services majors Citi and HSBCsaid the long awaited government decision to hike fuel prices is a positive step, although it will fan the already high inflation and may not prevent fiscal......

Below normal monsoon to push up inflation, subsidy bill

The monsoon has so far disappointed and if rainfalls do not increase soon it will push up inflation as well as the subsidy bill, further limiting the room for RBI rate cuts, an HSBC report says.......

Services sector growth rate at 3-month high in May: HSBC

Amid decelerating economic growth and falling industrial output, India's services sector has shown signs of promise in May recording the fastest pace of growth in the past three months, says an......