All sectoral indices ended in the green, led by realty, power, consumer durables and metals. Brokers said sentiment was bullish on continuous recovery in the rupee amid reports that the government may announce steps to prop up the domestic unit.

According to the government data released Friday, food articles registered deflation at 4.04 per cent in August 2018. Last month, deflation in this category was 2.16 per cent.

Retail inflation cooled to an 11-month low of 3.69 per cent for the month of August compared to 4.17 per cent in July, raising hopes that RBI may not go for another rate hike in the next monetary policy meeting.

The key takeaway - the pickup in growth, without demand-pull inflationary pressure in the economy, supports our thesis that reforms have lifted India's potential growth, and activity ahead is likely to remain non-inflationary, writes Abhishek Gupta.

The Indian economy is expected to grow by around 7.5 per cent in 2018 and 2019 as it is largely resilient to external pressures like those from higher oil prices, Moody's Investors Service said today.

The wholesale price index (WPI) based inflation was recorded at 5.77 per cent in June. In July 2017, it was at 1.88 per cent.

The rate of price rise in fruits slowed down 6.98 per cent, as against over 10 per cent in the previous month. However, inflation in the fuel segment based on the changes in the CPI increased to 7.96 per cent from 7.14 in the previous month.

Historical precedents do not support the popular belief that governments turn profligate in poll years.

The reverse repo rate adjusted to 6.25 per cent, and the marginal standing facility rate and the bank rate to 6.75 per cent.

Any increase in repo rate comes as a bad news for those who have borrowed from banks because it is likely to lead to an increase in the interest they pay on loans.

US President Donald Trump, who ahead of Friday's release of the gross domestic product report had promoted the notion that second-quarter growth would be robust, declared victory.

A draft 'Punjab State Farmers' Policy', put out for stakeholder consultations by PSFC identifies over a dozen key areas where government attention is necessary.

The Wholesale Price Index (WPI) based inflation stood at 4.43 per cent in May and 0.90 per cent in June last year.

BNP Paribas today said the Reserve Bank of India will go for another 0.25 per cent hike in key policy rates at its August monetary policy review, a day after an official data showed retail inflation rising to a five-month high of 5 per cent in June.

With rupee hitting its lowest against dollar, prices of imported commodities, ranging from petroleum products to electronics went up, driving consumer inflation up. High crude oil prices also made an impact.

Tata Consultancy Services (TCS) surpassed analysts' expectations by reporting a 23.46 per cent growth in profit in June quarter; a Reuters poll of 37 economists has predicted that June inflation may shoot up to a 2-year high; OPEC has shifted the blame of rising crude prices after US President Donald Trump's warning. BusinessToday.In Editor Rajeev Dubey explains this and more on The Good, The Bad and The Ugly.

The latest Nikkei India Manufacturing Purchasing Managers Index (PMI) survey brings plenty to cheer about. The PMI rose to 53.1 in June from 51.2 in May, consistent with the fastest improvement in the health of India's manufacturing economy in the year so far.

Cost of living for expatriates in Mumbai is the highest in the country, and more expensive than its global peers like Melbourne and Frankfurt, said a survey.

After the inaugural statement, the Prime Minister met several business leaders for a discussion on issues such as economic growth, infrastructure development, policy initiatives, investment, innovation and job creation. AIIB is a multilateral development bank with a mission to improve social and economic outcomes in Asia and beyond.

RBI Governor Urjit Patel voted for interest rate hike citing inflation risks and related uncertainties while his deputy Viral Acharya felt there was no alternative to it by 25 basis points, as per the minutes of the meeting.