Barometers rally for week on growth optimism despite inflation concerns
Mumbai, Oct. 16 -- Indian equity markets ended higher for the week, with gains in key benchmarks supported by positive domestic growth outlook revisions. On the domestic front, the IMF raised India's GDP growth forecast to 7% for both FY27 and FY28, citing resilient domestic demand and robust services activity. However, wholesale price inflation accelerated to 11.39% in September from 9.92% in August, while retail inflation rose to 5.54% from 4.83%, indicating mounting price pressures. Meanwhile, the RBI introduced measures to meet the dollar requirements of state-owned oil marketing companies, tightened foreign exchange derivative rules and raised the minimum daily CRR maintenance requirement for banks to 99% from 90%. Globally, stronger...
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