Despite consumer inflation having plunged from almost double-digit figures when he took over in September 2013 to 3.66 per cent in August, Rajan chose not to go for sharp rate cuts.
Despite consumer inflation having plunged from almost double-digit figures when he took over in September 2013 to 3.66 per cent in August, Rajan chose not to go for sharp rate cuts.
Prime Minister Narendra Modi must accelerate policy changes to bolster economic growth, according to Morgan Stanley.
Nation leads Arab world in sectors of Islamic finance, halal food and family tourism
The $500 million debut bond was issued on September 15, with a rate of 6.875 per cent, and a follow-on $200 million bond issued on September 16 at the same rate.
UAE leads Middle East and Africa in new hotel construction
Region's funds exhibit strong demand for emerging markets across asset classes.
Al Zaabi said the second edition of the UAE EPF will focus on innovation and its role in economic development.
Measures by GCC govts yielding encouraging results.
India is one of the handful countries that continued trade links with Iran, isolated by Western countries against its disputed nuclear programme.
The biggest contributing factor to the rise in inflation was transport freight and fares, which rose 10.63 per cent during the month.