IMF, which has also lowered its global economic growth forecast for 2016 and 2017 by a marginal 0.1 per cent to 3.1 and 3.4 per cent respectively, recommended six 'reform priorities' for India
Years of unprecedented stimulus has left the Fed swollen with $4.5 trillion in bonds
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RBI had previously cut repo rate by 0.25% each in January and March.
After National Spot Exchange Ltd (NSEL) this week suspended trading in forward contracts, the Forward Markets Commission (FMC), the commodities market regulator, on Friday sought to allay fears over the exchange defaulting on open contracts.
With the first salary date after demonetisation around the corner, will India's labourers be able to take their hard-earned wages home?