Most Asian buyers are avoiding imports for next month as it’s unclear what will happen to the exemptions that expire in the first week of May.
Loans for projects came to Rs 520 billion in March quarter, the highest since 2011, compared with Rs 144 billion in previous quarter.
Caught between two worlds, McDowell’s Thril cola made an impact in India, but briefly.
RBI's Shaktikanta Das' suggestion on bigger interest-rate moves comes as markets see one more rate cut to boost growth in the $2.6 trillion economy amid risks from abroad.
India is expected to post economic growth of 7.2% this fiscal, and is seeing below-target inflation even as rising oil prices add an upside risk.
James Packer's casino operator Crown Resorts Ltd. said it was discussing a $7 billion sale with Wynn Resorts, but the deal gave way hours later.
Researchers said state-run banks fared better than private ones as they slowed hiring and adopted technology.
The six-member Bimal Jalan committee was formed last year after a tussle between Modi govt and then RBI governor Urjit Patel over RBI’s reserves.
Although the India-China trade deficit registered a marginal decline a couple of times over the past 10 years, the fall has never been as much as seen in 2018-19.