The policy statement by the RBI governor is also expected to be upbeat.
Markets could slide again owing to conditions in Europe and the US.
Spending at restaurants and bars grew more than 8 per cent compared to the year before.
Here are 10 global and domestic factors.
Asia has opened largely in the green ahead of a raft of Chinese data due during the day.
A look at the hopefuls this year!
'Chinese real GDP growth is 7.1% and India's is 7.4%'.
.jpg)
India's share of 2015 emerging market allocations will be driven by FII perceptions on likely growth and reform.
All evidence suggests that the US Federal Reserve will raise interest rates soon.
Did you know Turmeric Latte or Haldi Doodh is trending abroad?
'The recent US jobs report has eased fears of a hike in the Fed meeting.'
It is by now quite clear that in all likelihood the US Federal Reserve will hike interest rates in its next meeting in mid-December.
Pompeii is one of those rare films for which I am glad that a 3D format was used. If cheesy, overdone, masala flicks are your kind of fare, this is your kind of film. For the rest of us, Pompeii just blows, rants Paloma Sharma.
In India we have to be careful not to copy any level of dependence on the financial sector and infatuation with the get-rich-quick syndrome, says Jaimini Bhagwati.
Some investors had speculated that the US central bank might put its plans on hold given the jitters overseas.
The 71th Annual Golden Globe awards have been announced. There have been quite a few surprises and some expected nods.
The move, which could come as a surprise to many investors, was a nod to better prospects for economy and labor market
At the same time, however, officials at the central bank lowered their projections for the long-run target interest rate, evidence of slightly diminished expectations for a nation climbing out of a severe crisis and struggling with demographic headwinds like declining labor force participation.
The 30-share Sensex closed down 114 points at 28,622 and the 50-share Nifty ended down 37 points at 8,686.
Emerging markets could be affected by a combination of lower liquidity and higher dollar interest rates caused by a hike in the US Fed funds rate.
Five per cent growth is disappointing but only after having reached nine per cent. However, it is still not all that bad, says Andrew Michael Spence.
'The 'Off-with-Rajan's-head' brigade bases its arguments on mistaken beliefs, erroneous causalities, and even downright prejudice.'
Although the current long-term bullish trend is intact, markets are awaiting clarity on the taper and the Assembly election results.
Summers dogged by controversies over past views
'We want to make sure we stay in India and we have very high hopes from India,' says Mark Mobius.
It emerges that not only does the CIDR project fails the test of fairness, justness and reasonableness besides the test of not being fanciful, oppressive or arbitrary; it also fails the test of Arthashastra, Hadith and the Bible.
.jpg)
Given the 18-day government shutdown in the US and the likelihood for continued wrangling between the Democrats and the Republicans, it now looks like tapering may be off the table till the first quarter of 2014.
'You want a steady, confident, self-assured and highly skilful hand at the till. 'It is a pity that the BJP has decided to deprive itself of such a hand at this politically sensitive time.' 'It is like sacking your surgeon in the middle of your brain surgery,' says S Muralidharan.
Would you believe if I were to tell you that YouTube was conceived as a video-dating platform?
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances