Economy
India
How to read a central bank decision
Repo rates, basis points, dissents and “calibrated tightening”: a plain guide to what the RBI, the Fed and the ECB announce — and how it reaches your loan, your savings and the rupee.
A western state formed on 1 May 1960 from the Marathi-speaking part of Bombay State. Its capital, Mumbai, is India’s financial centre.

Repo rates, basis points, dissents and “calibrated tightening”: a plain guide to what the RBI, the Fed and the ECB announce — and how it reaches your loan, your savings and the rupee.
Costly oil, a strong dollar and foreign selling have kept the currency near record lows for months. Here is what is driving it — and who gains and who loses.
The Sensex closed at 74,151 and the Nifty at 22,937. Realty and PSU banks led the gains, while Trent and Maruti Suzuki fell.