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Topic

India's economy

Indian growth jumps in April-June

Indian growth jumps in April-June

Published 01 Sep, 2021 03:59am
NEW DELHI: India's economy rebounded in the April-June quarter even while a devastating second wave of COVID-19 ...
S&P reaffirms India's long-term sovereign credit rating, outlook

S&P reaffirms India's long-term sovereign credit rating, outlook

Published 13 Jul, 2021 05:27pm
  • India's long-term rating was affirmed at 'BBB-' with a stable outlook while the short-term rating was held at 'A-3'.
  • "The stable outlook reflects our expectation that India's economy will recover following the resolution of the COVID-19 pandemic," analysts at the rating agency wrote.
India's May retail inflation picks up to 6.30pc y/y, highest in six months

India's May retail inflation picks up to 6.30pc y/y, highest in six months

Updated 14 Jun, 2021 07:07pm
  • The Reserve Bank of India earlier this month warned that high energy prices could stoke inflation while cutting the growth forecast to 9.5% from 10.5% for the current fiscal year beginning April.
  • Annual retail inflation rose 6.30% year-on-year, up from 4.29% in April. Analysts had forecast retail inflation at 5.30%.
India central bank's rejection of 10-year bond bids fuels late rally

India central bank's rejection of 10-year bond bids fuels late rally

Published 16 Apr, 2021 06:23pm
  • The benchmark 10-year bond yield closed at 6.08%, down 5 basis points on the day after earlier rising to 6.18%, its highest since April 7.
  • On Friday, RBI sold bonds worth 113.27 billion rupees, less than half of what it set out to raise for the government and rejected all bids at the sale of the 10-year bond.
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