Reserve Bank of India has kept the key policy rate unchanged in its bi-monthly monetary policy review.
Finance Minister Nirmala Sitharaman has barred miners, software developers and book printers from the lower corporate tax of 15%, which she announced for new manufacturing companies.
According to RBI, consumer confidence has fallen to 85.70% for the month of November from 89.40% in September, which is steepest fall in more than 5 years.
CPI inflation for December has been revised upward to 4.7-5.1% from 3.5-3.7% predicted in the month of November. The upward revision was mainly due to rising food prices.
Current uptrend takes a pause; Nifty, Bank Nifty end the week lower
Weekly Commodity View: Gold prices turn bearish, crude oil bullish