Benchmark indices Sensex and Nifty ended sharply higher on Friday amid heavy buying in telecommunication stocks and encouraging domestic inflation data. Photograph: Shailesh Andrade/Reuters After falling 1,207.14 points in morning trade, the 30-share BSE benchmark Sensex recovered all the lost
The Reserve Bank on Friday raised the inflation projection for current fiscal year to 4.8 per cent from 4.5 per cent with Governor Shaktikanta Das saying lingering food price pressures are likely to keep headline inflation elevated in the December
To ease the potential liquidity stress, the Reserve Bank on Friday slashed Cash Reserve Ratio (CRR) by 50 basis points to 4 per cent, a move that would unlock Rs 1.16 lakh crore bank funds. The RBI on May 4,
