The Reserve Bank of India is likely to lift its key policy rate by up to 50 basis points this week, a majority of market experts in ET’s poll of 22 participants said, as Europe’s unexpected move to raise the cost of funds for the first time in a decade underscores the stickiness of a global price spiral that prompted the second outsized increase in US benchmark rates in as many months.
Russia desires to build connectivity, capital markets and financial infrastructure with India — similar to the model built over decades with Europe — to push bilateral trade to $120-150 billion over the next decade, Russian aluminium tycoon Oleg Deripaska told ET.
Bids for 5G airwaves crossed the ₹1.5 lakh-crore mark on the sixth day of the spectrum auction, with the government netting ₹163 crore more on Sunday.
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