Business Today on latest news in business world
Business Today

Crisis in the Euro zone coupled with the conundrum on US debt ceiling means more uncertainty. The rising uncertainties are deterring risk-taking and investment on one hand, and on the other hand currencies and commodities are on a swing.

A 50-basis-point hike in policy rate by the Reserve Bank of India is a move away from its earlier "baby steps" and a head-on charge against inflation.
Weak dollar coupled with Euro zone woes has made the safe haven a better bet.