RBI holds back US dollar sales in February amid pressure on rupee

The Reserve Bank of India (RBI) abstained from selling any US dollars throughout February, for the first time in nine months. Photograph: Dado Ruvic/Reuters The decision comes amid increasing......

MPC refuses to drop its guard on inflation

Most members of the Reserve Bank of India’s monetary policy committee (MPC) decided to stick to the course on bringing retail inflation to the target of 4 per cent while voting for......

Consumption story gets a facelift as rural demand shows promise

Consumer goods firms and auto companies are witnessing an upturn in rural demand, which had been lagging for most of FY24. Photograph: Niharika Kulkarni/Reuters Expectations of a bumper rabi crop......

New private project announcements zoom ahead of polls

The private sector’s new project announcements in the quarter ending March were among the highest on record. Kindly note the image has been posted only for representational purposes.......