Markets trade lower amid weakness in Asian peers
India, Jan. 15 -- Indian equity benchmarks made pessimistic start and were trading lower with cut of over one third of a percent each in early deals on Wednesday, as traders preferred to book profits amid weakness in Asian peers. Investors were eyeing Balance of Trade data for the month of December to be out later in the day. Some cautiousness came in with a private report that a spike in India's retail inflation in December has raised the chances that the Reserve Bank of India (RBI) will put rate cuts on hold for some time despite economic growth languishing at more than six-year lows. As per the report, the RBI's monetary policy committee (MPC) may even change its stance from accommodative to neutral at its February meeting. Traders took ...
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