Sensex up over 74 points in early trade ahead of RBI policy
FACTORS TO WATCH
RBI's monetary policy review at 0530GMT.
RBI deputy governor Subir Gokarn at events. (0800GMT, 1100GMT)
Trade Minister Anand Sharma, Chief Economic Adviser Rajan at economics conclave.
INDIAN STOCKS TO WATCH
India's central bank is expected to keep interest rates unchanged on Tuesday, according to a new Reuters poll, with respondents split over whether it will cut the cash reserve ratio (CRR) for banks.
A battle over affirmative action for low castes threw the Indian parliament into disarray on Monday, threatening to derail the government's ambitious timetable for passing reforms this week that are aimed at opening up Asia's third-largest economy.
The exit polls have spoken - all confirming the Narendra Modi-led Bharatiya Janata Party (BJP) would see another victory in Gujarat. And those are unanimous: The BJP will increase its share of seats in the 182-member state Assembly.
Foreign secretary Ranjan Mathai on Monday said India was spearheading an initiative to develop a currency swap agreement among Saarc countries, which would help them protect their currencies during exigencies.
The RBI has told finance ministry that it would not be able to monitor the end use of funds brought in to set up foreign-funded stores, according to a person privy to the development.
The government will soon announce incentives for exporters to provide them a cushion in the wake of declining exports and global slowdown, a senior official said on Monday.
The government is likely to
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