The rupee recovered by 11 paise to trade at 60.84 against the US dollar in early trade today on selling of the American currency by banks and exporters.
The GDP always has a base year, which defines the composition of the economy in that year. As the composition changes, the base year needs to be revised regularly. Abhishek Waghmare explains how that is done.
The repo rate or the short term lending rate was increased to 7.5 per cent from 7.25 per cent.
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
Macro data have little connect with indicators on the ground.
India Inc has an impressive report card to show for the first quarter of this financial year.
The rupee weakened by 27 paise to trade at six-week low of 60.45 against the US dollar in early trade today at the Interbank Foreign Exchange market on high demand for the American currency from importers.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
India Inc on Wednesday said it looked forward to the new RBI Governor Raghuram Rajan initiating cut in interest rates and improving credit flow to crucial sectors like infrastructure to put economy back on high-growth path.
RBI watchers are going to be on tenterhooks for the next 3 weeks.
GST stabilisation, DTC implementation and banking reforms are crucial for sustaining high growth for a long period, says Rashesh Shah.
Realty firms and consultants hoped however that this would be the last round of monetary tightening by the central bank.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
The estimates of national income and growth do not pass the 'smell test'.
Sensex,Nifty to remain under pressure through the week.
The 30-share Sensex gained 271 points to end at 28,805 and the 50-share Nifty ended up 84 points at 8,712.
All the sectoral indices, led by realty, metal, consumer durables and power were trading in the negative zone on Thursday.
It's a clear signal that Indian economy is not out of woods.
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
The economists, who were surveyed, also felt it will take time for banks to make any further reduction in deposit rates
The recent softening of inflation is purely a base effect at play.
A moderate recovery in Indian factories, exports and investments were probably the main drivers for an increase in overall growth in the quarter through March.
Volatility might continue as the Chinese market is expected to open sharply lower, following a long break
In a recent report, BofA-ML suggests investors to track these six event risks in July apart from the Greek drama
the Sensex lost 23 points to close at 28,185 levels and the Nifty shed 7 points to end at 8,515 mark.
The recovery was led by pharma majors led by Dr Reddy's Labs.
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
Production grew by a mere 0.5 per cent year-on-year, a significant comedown from the 3.5 per cent clocked in June.
RE of GDP for 2015-16 show that the economy grew 7.9% in 2015-16, rather than the earlier estimate of 7.6 per cent.
Markets closed in the red on domestic worries.
Only power generation grew faster in 2014 than in earlier years.
The bigger worry is that its effects could linger well into the next financial year.
Participants are keenly waiting for the January IIP.
Asian markets were trading mixed with shares in China witnessing profit taking after sharp gains in the previous session.
They believe that the key reason behind such a high growth rate could be "a steep downward revision" of the year-ago base period.
Expenditure cuts necessitated by slowing revenue growth, weak industrial activity worrisome portents
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
Lower inflation, FCNR(B) outflows likely to influence central bank decision
