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Rupee slumps 76 paise to close at 82.61 against US dollar. In addition, investors remained concerned over continued foreign capital outflows ahead of the RBI's policy announcement on Wednesday, forex dealers said.
The World Bank forecasted 7.1 percent inflation in the current fiscal year on Tuesday, but warned that a drop in commodity prices might temper inflationary pressures.
In its India Development Update, the global financial institution said that the revised update was mainly due to greater resilience shown by the Indian economy against global shocks and better September quarter figures.The
The World Bank on Tuesday expressed optimism that India's real GDP would grow at 6.9 per cent in the current fiscal, an improvement from its previous projection of 6.5 per cent.In its India Development Update, the global financial institution ...
This is the first upgrade of India’s growth forecast by any international agency amid global turmoil