The weakening of the rupee and high oil prices continue to exert upward pressures on inflation, it said, forecasting another half percentage point interest rate increase by the Reserve Bank of India to anchor inflation expectations and support the exchange rate.
Tata Sons boardroom battle intensifies but Tata Group stocks remain unbothered. Should you buy?
Tata Sons has rejected Noel Tata’s objections to N Chandrasekaran’s reappointment, saying the board’s decision was valid and made in accordance with the company’s Articles