Forex market intervention of RBI is credit positive’
New Delhi: Global ratings agency Moody’s on Monday said the Reserve Bank of India’s limited intervention in the currency market to stymie rupee depreciation is “positive” for the country’s credit outlook.
Inflation could decline to 7% by March: Rangarajan
Hyderabad: Chairman of the Prime Minister’s Economic Advisory Council C Rangarajan on Monday said inflation could decline to 7 per cent by the end of the current fiscal.
US court rejects $285 mn SEC-Citigroup agreement
New York: A federal judge on Monday struck down a $285 million settlement that Citigroup reached with the US Securities and Exchange Commission, citing a need for clarity about the financial markets and SEC’s responsibility to ensure the truth emerges.
Icra lowers GDP forecast to 7.5%; sees Q2 at 7%
Mumbai: Rating agency Icra on Monday joined rest of the forecasters to peg down economic growth to 7.3-7.5 per cent from 7.5-7.7 per cent projected earlier, besides pegging Q2 GDP numbers at 7 per cent, following the overall contraction in growth indicators.
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