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(RTTNews) - The Reserve Bank of India decided to hold its benchmark interest rates on Wednesday as macroeconomic outlook remains resilient despite elevated geopolitical tensions. At the meeting, the Monetary Policy Committee, governed by Sanjay Malhotra, unanimously decided to keep the policy repo rate unchanged at 5.25 percent. "It is prudent to wait and watch the changing circumstances and the evolving growth-inflation outlook," the bank said in a statement. The MPC also decided to continue ...Read More >
(RTTNews) - India's services activity expanded at the slowest pace in more than a year in March amid intensification in cost pressures, final data compiled by S&P Global showed on Monday. The seasonally adjusted HSBC India Services PMI dropped 57.5 in March from 58.1 in February. Nonetheless, a score above 50.0 indicates expansion. The flash score was 57.2. Total new orders grew at the slowest pace since early 2025, and output was constrained by the detrimental impact of the Middle East war on ...Read More >
(RTTNews) - Indian shares traded lower in early trade on Monday due to lingering geopolitical tensions, rising crude oil prices and continued FII selling. Brent crude prices traded near $110 a barrel as U.S. President Donald Trump renewed his threat to attack Iran's bridges and power plants, warning he would bring "Hell" to Iran if they do not open the vital waterway by 8 p.m. Eastern Time on Tuesday. Trump will hold a news conference "with the Military" at the Oval Office at 1 p.m. later toda ...Read More >
(RTTNews) - Indian stock markets remain closed today for Mahavir Jayanti. On Monday, benchmark indexes Sensex and Nifty both fell over 2 percent as Brent crude prices topped $115 a barrel on fears of more disruptions to shipping lanes, posing a significant risk to inflation, the current account and fiscal deficits. Both the indexes plummeted around 11 percent in March, marking their worst monthly loss since the COVID-19-led rout in March 2020. The Indian rupee hit a record low past 95 to the d ...Read More >
(RTTNews) - India's industrial output growth improved somewhat in February on the back of manufacturing, data from the Ministry of Statistics and Programme Implementation showed on Monday. Industrial production advanced 5.2 percent year-over-year in February, following an upwardly revised 5.1 percent expansion in January. Meanwhile, economists had expected the growth to ease to 4.2 percent. Among sectors, the annual growth in manufacturing output accelerated to 6.0 percent from 5.3 percent. Me ...Read More >
NEW DELHI: Employees' Provident Fund Organisation's (EPFO) move to allow withdrawals of up to 75% of the corpus will make life easier for its over 7 crore subscribers, while the norms around 25% balance are meant to ensure a healthy kitty, without imposing any restrictions on pension or PF payment at the time of retirement, a top official said. "The idea is to empower members and repose trust. The changes are meant to pave the way for automated settlement of claims," Central Provident Fund commi ...Read More >
(RTTNews) - India's jobless rate rose in September after declining in the previous two months, mainly due to a notable increase in unemployment among women, data from the statistics ministry revealed on Wednesday. The unemployment rate among persons of age 15 years and above climbed to 5.2 percent from 5.1 percent in August, based on a current weekly status approach, according to the Periodic Labor Force Survey of the ministry. The rate peaked at 5.6 percent in May and June. The jobless rate f ...Read More >
(RTTNews) - India's factory growth showed a mild loss of momentum in September amid stronger rises in input and output prices, final survey data from S&P Global showed on Wednesday. The HSBC manufacturing Purchasing Managers' Index dropped to 57.7 in September from 59.3 in August. However, a score above 50 indicates expansion, and the same was below the flash estimate of 58.5. Among components, new orders, output, and input buying all rose at the slowest rates since May, while job creation ret ...Read More >
(RTTNews) - India's wholesale prices increased in August after falling in the previous two months, provisional data from the Ministry of Commerce and Industry revealed on Monday. The wholesale price index, or WPI, rose 0.52 percent year-over-year in July, reversing a 0.58 percent fall in June. The expected rise was 0.30 percent. Food prices logged a renewed increase of 0.21 percent annually in July, while the price decline in primary articles eased to 2.10 percent annually from 4.95 percent in ...Read More >
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