Top economy news of the day

India Infoline News Service | Mumbai |

India's fuel demand rose by its slowest pace in almost 12 years after monthly price increases chipped away growth in diesel consumption

The Reserve Bank of India imposed restrictions on non-fund based credit facilities — guarantees, stand-by letters of credit, letters of comfort, and so on — extended by banks to Indian companies’ overseas arms. (BL)

The Reserve Bank of India is discussing ways to ensure an orderly rollout of its unpopular proposal to price state government debt at market-based valuations to minimise potential losses for banks holding this debt. (BS)

India's fuel demand rose by its slowest pace in almost 12 years after monthly price increases chipped away growth in diesel consumption. India saw petroleum product demand growing by a meager 0.7% in 2013-14, according to the latest oil ministry data. (BS)
 

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