Search result for 'festival spending'

The Indian rupee closed at 84.70 against the US dollar on Friday, appreciating slightly as the Reserve Bank of India left interest rates unchanged but cut the cash reserve ratio.

RBI Bulletin highlights robust private consumption, driven by festive spending, leading to a positive economic outlook for India. Strong agriculture and services sectors also contribute to growth.

The Reserve Bank of India's Bulletin highlights a bullish outlook for the Indian economy despite a slowdown in the second quarter, driven by strong private consumption and resilient global activity.

Petrol and diesel consumption in India rose in October due to increased festive spending, reversing the initial decline in sales. Read about the impact of festivals on fuel consumption.