The Diwali week started on a positive note with the benchmark Sensex and Nifty indices ending at new record highs. Positive global markets and the ebbing of foreign investor selling saw the benchmark indices gain 0.6 per cent and the rupee appreciate 0.3 per cent against the dollar. Read more
Like all its predecessors, INS Kiltan joins Navy with major vulnerabilities
Like numerous Indian warships before it, the navy’s newest anti-submarine warfare (ASW) corvette, INS Kiltan, joined the fleet on Monday without equipment crucial for discharging its primary role – detecting and destroying enemy submarines. Read more
Wholesale inflation falls to 2.6% in September
The Wholesale Price Index (WPI)-based inflation data released on Monday provided yet another indicator of improving macroeconomic parameters.
Wholesale inflation fell to 2.60 per cent in September from 3.24 per cent in August due to a subdued rate of price rise in food items, particularly vegetables. Read more
RBI governor calls for better access to currency swap lines
The governor of the Reserve Bank of India on Sunday called on major central banks to extend their network of currency swap lines deep into emerging markets, saying a type of “virtual apartheid” in the provision of foreign currencies hampers efforts to fight financial instability
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