India's retail inflation accelerated to a 14-month high in November, driven up by higher food prices, underscoring the challenge the Reserve Bank of India (RBI) faces in meeting its medium-term inflation target.

The prospects of a US rate hike, coupled with slow progress in the Indian Parliament in approving a key economic legislation, subdued Indian equity markets, leading to a barometer index provisionally closing 72 points in the red.

A strengthening US dollar, along with the central bank's attempts to stop the volatility in the rupee's value, depleted India's foreign exchange reserves by $750.2 million

India's finance minister Arun Jaitley has urged Indian exporters to produce quality products at competitive prices in the face of slowing demand in international markets and in the context of the continuous decline in the country's exports.

The Reserve Bank of India (RBI) kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target f‎or 2017.

Marking the exit of yet another foreign bank, from the cut-throat wealth management business in Asia's third-largest economy, HSBC is shutting its private banking unit in India