JOIN USDH Evening Brief: RBI raises repo rate to tame inflation; India mulls curbing wheat exports as heat destroys crop
In a surprise move, RBI hikes repo rate by 40 basis points to tame inflation
In a surprise move, the Reserve Bank of India Wednesday hiked the key policy interest (repo) rate by 40 bps to 4.40 per cent with immediate effect in order to contain the spike in inflation and re-anchor the inflationary expectations of households.
India considers restricting wheat exports as heat destroys crops
India is considering restricting wheat exports as severe heat waves have damaged crops, prompting the government to prioritise domestic consumption over supplying the grain to the world.
Interactive | How mercury burnt states in April 2022
In April, the average maximum temperature over the country as a whole being was the third highest with 35.30 degrees Celsius after the years 2010 (35.42 degrees Celsius), 2016 (35.32 degrees Celsius) since 1901.
Hanuman Chalisa Row: Relief for Ranas as court orders release on bail
A Sessions Court on Wednesday granted bail to Amravati MP Navneet Kaur Rana and her husband and three-time Badnera MLA Ravi Rana in a sedition case.
UP: Minor girl alleges she was raped by SHO when she visited police station to file gang-rape case
A 13-year-old girl, who was allegedly raped by four people, was raped again by the Station House Officer (SHO) of a police station where she had gone to file a case, officials said on Wednesday.