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16 January, 2019 8:00 AM RBI may take dovish stance in February policy with softer inflation

With softer retail and wholesale price-based inflation, Reserve Bank of India is likely to change its policy stance from 'neutral' from 'calibrated tightening' in the February policy, says a report. The inflation based on the Consumer Price Index (CPI) eased to an 18-month low of 2.19 percent in December compared to 2.33 percent in November and 5.21 percent 1021

16 January, 2019 3:45 AM India’s non-oil trade deficit is the lowest since April

It is likely that the protectionist measures taken by the government have led to compression of non-oil imports India’s merchandise trade deficit narrowed to a 10-month low in December 2018. One reason, of course, is the lower price of crude oil. But not all the improvement in the deficit is due to crude oil prices. The deficit in the non-oil, non-gold 216

15 January, 2019 2:00 PM Exports up 0.34% in Dec 2018; trade deficit narrows

The trade deficit stood at USD 14.2 billion in December 2017. New Delhi: The country's exports grew marginally by 0.34 percent to USD 27.93 billion in December 2018 on account of negative growth in sectors such as engineering and gems & jewellery, according to a commerce ministry data. Imports, however, dipped by 2.44 percent to USD 41 billion during 199

15 January, 2019 1:03 PM Trade Deficit Narrows To 10-Month Low As Gold Imports Fall

Trade deficit narrowed to $13.08 billion in December, the lowest in 10 months, due to a fall in gold imports, the trade ministry said in a statement on Tuesday. In November, the trade deficit was $16.67 billion. In December, merchandise exports rose 0.34 per cent from a year earlier to $27.93 billion, while imports fell 2.44 per cent to $41.01 billion 181

15 January, 2019 11:17 AM Sensex soars over 460 points, Nifty regains 10,800

Drop in inflation raised hopes of monetary easing. New Delhi: Markets posted strong gains with both the Sensex and Nifty closing above 1.30 percent as lower inflation figures gave way to expectations of an ease in the monetary policy by the Reserve Bank of India in its February policy review. The BSE Sensex jumped 464.77 points or 1.30 percent to 36,318.33 while 184

15 January, 2019 7:59 AM Veg oil imports up 11% in December; shipment of refined palm oil from Malaysia may rise on duty cut: SEA

Vegetable oil imports rose by 11 percent last month to over 12 lakh tonne, edible oil industry body SEA said on January 15 and predicted that a rise in inward shipments of refined palm oil on customs duty cut that could affect domestic farmers and refiners. "Import of vegetable oils (comprising edible and non-edible oils) during December 2018 is reported 197

15 January, 2019 4:20 AM Rupee weakens to 71/$ for first time since Dec

Today, USD-INR pair is expected to quote in the range of 70.40 and 71.20, says Motilal Oswal. The Indian rupee erased all its morning gains and weakened to 71/$ for first time since December 2018. Rupee came under pressure against the US dollar ahead of the important inflation number that was released later in the evening. Data showed inflation in December 124

15 January, 2019 2:35 AM Oil prices edge up on supply cuts, but weakening economic outlook caps gains

Oil prices inched up on Tuesday amid supply cuts by producer club OPEC and Russia, although the darkening economic outlook capped gains. US West Texas Intermediate (WTI) crude futures were at $50.78 per barrel at 0041 GMT, up 27 cents, or 0.5 percent, from their last settlement. "The impact of OPEC+ cuts, Iran sanctions and lower month-on-month growth 147

14 January, 2019 6:05 PM Body Of 4-Month-Old Baby Found In Vacant Plot In Delhi

The body was found abandoned near a dustbin at a vacant plot in northeast Delhi's Nandnagri, The body of a baby was found abandoned near a dustbin at a vacant plot in northeast Delhi's Nandnagri, police said Monday. A passerby spotted the abandoned body informed the police. The baby was 4 to 5 months old. A case has been registered against unidentified 158

14 January, 2019 5:34 PM "Good To Have Ties With India, China, Russia And Japan": Donald Trump

US President Donald Trump on Monday said it's good to have relationship with countries like Russia, China, Japan and India as he expressed hope to reach a trade deal with Beijing. Trump, addressing reporters at the White House before leaving for Louisiana for a farmers event, said the US is doing very well with China, which is having a hard time with its economy 176