INSUBCONTINENT EXCLUSIVE:
since March 2016.
The currency extended a seven-day winning streak to push beyond its 100-day moving average for the first time since
February, as falling crude prices soften inflationary expectations and take pressure off the central bank to raise interest rates
better time for Modi, whose re-election bid in less than six months looks increasingly strained amid deepening social divides, a banking
system saddled with bad loans, and mounting tension between the government and the Reserve Bank of India
energy needs, and an almost 50 per cent surge in the cost of Brent crude priced in rupees from January through October threatens to put a
Gross domestic product grew at a better-than-forecast 8.2 per cent rate in the second quarter, and inflation fell in three of the past four
months to the lowest level since September 2017
