 "News Digest")
RBI holds rate, cuts H1 inflation forecast to 4.7-5.1% on lower food prices
The Reserve Bank of India (RBI) on Thursday adopted a remarkably dovish tone, surprising analysts who were expecting the firming up of rates in the medium term, even as one of the six members in the Monetary Policy Committee (MPC) voted for a hike in an otherwise status quo policy. Read more
IndiGo says it has no interest in domestic operations of Air India
IndiGo, India’s largest airline, has pulled out of the race for Air India, dealing a blow to the government’s disinvestment plans.
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