India's retail inflation spiked to a 14-mth high in October, data showed Tuesday, dashing hopes of an interest rate cut in December and adding to fears of a consumption slowdown.
The S&P BSE Sensex and the NSE Nifty 50 Index each rose 0.9% as of 12:11pm in Mumbai. Both gauges are set for their fifth day of gains and longest winning streak since 4 November.
RJD, once a prominent representative of Mandal politics, now finds itself in a political era where welfare, good governance, and new aspirations are overshadowing old caste equations.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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