'If you see the composition of items which are causing this spike in prices, most of them have little to do with the kharif harvest, except for pulses and vegetables to some extent.' 'I don't know on what basis the government is claiming that food prices will moderate in the weeks to come.'
On the reduction in the SLR ratio, he said it was a signal from the point of view of long-term reforms.
Infosys, Wipro and HUL among the top losers for the day.
Dealers say that the full-year outlook remains negative with a projected contraction in retail sales of 15-35 per cent across segments, save tractors, which look set to clock a positive annual growth.
The Reserve Bank has taken some steps to shore up the domestic currency.
A rate cut will bring positive sentiment around the Budget.
Raghuram Rajan remains focused on a long-term inflation target of 4 percent.
Are we running a cricket match using football rules, asks Ajit Balakrishnan.
Financials declined amid profit taking while energy shares fell after the government hiked excise duty on transport fuels.
The muted CPI inflation print at 5% earlier this week, followed by a similar WPI number released Wednesday, seems to have spurred India's central bank into action, is how the economists are reading into Reserve Bank of India governor Raghuram Rajan's 25 basis point cut in repo rate.
Food prices probably fueled a sharp rise in India's retail inflation in December after the record low struck the previous month.
Indian gold demand seen falling to 8-year low in festive quarter.
The combination of sanctions, and low fuel prices is really hurting the Putin regime.
While headline and core WPI are stuck in a disinflationary phase, the retail measure is inching north.
The rupee resumed lower at 61.15 per dollar as against the last weekend's level of 61.07 at the Interbank Foreign Exchange market and hovered in the range of 61.15 and 61.28 before quoting at 61.24 per dollar at 1030 hours.
The duo bought additional shares in pharmaceutical companies Lupin and Jubilant Life Sciences, along with Agro Tech Foods and NCC during Q2FY21
Sources said Rajan will make the customary call on the Finance Minister on Monday, a day before he presents the policy.
At present, Indian indices are under-performing as compared to others and a package from the government can help cover the ground.
The 30-share Sensex ended down 66 points at 28,438 and the Nifty ended down 15 points at 8,633.
The US Fed's rate cycle is set to turn later this year, but India is in a much better position than it was in 2013.
It is difficult to reconcile the GDP numbers with other economic indicators.
Voting for the 2014 general elections will begin in April and it is expected Budget 2014-15 will be presented in June.
Indian Economy poised for growth, say experts.
CPI inflation has declined by almost a percentage point from July, from close to eight per cent to just above seven per cent.
RBI data show one-fifth of all the infrastructure loans are stressed and the share of such loans in overall stressed assets is nearly a third.
Will Arundhati Bhattacharya be the RBI's first woman governor? Or will Urjit Patel succeed Raghuram Rajanas RBI governor when his term ends on September 4?
RBI Governor has been under pressure from Finance Ministry.
Shopkeepers are losing buyers in droves to e-tailers for everything from fashion to smartphones, and are struggling to find solutions.
Companies are still struggling to recover from years of exuberance.
Nehal, 41, is charged in a New York Supreme Court indictment with Grand Larceny in the First Degree, Manhattan District Attorney Cy Vance, Jr. said.
The RBI has targeted 6 percent inflation by January 2016
Analysts expect inflation to peak in the first half of 2016-17 and moderate, thereafter, on the back of positive impact of monsoons
The RBI kept interest rates unchanged at 8 per cent as widely expected.
Bengal Finance Minister Amit Mitra expressed confidence in GST.
Inflation rate in fuel and power segment was (-)16.50 per cent.
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A section of the market believes RBI should hold rates as negative real rates will hurt savings and investment.
India's manufacturing sector activity contracted for the third straight month in October amid falling levels of production and new orders, as the business climate within the country remained tough, an HSBC survey said on Friday.
The Nikkei India Manufacturing PMI dipped from 50.3 in November to 49.1 in December.
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The plan being negotiated by US Senate leaders would end a partial government shutdown and raise the debt ceiling by enough to cover the nation's borrowing needs at least through mid-February 2014, a source familiar with the negotiations told Reuters.
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The rupee is set to breach the Rs 60-a-dollar mark again this week as the Street expects foreign institutional investors to continue pulling out of domestic markets. According to the street, this would result in government bond yields rising.
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