Murukesh Krishnan

The US Federal Reserve will hold an interest rate policy meeting as planned on Tuesday and Wednesday, the central bank said in a statement that might dispel any doubts over whether policymakers would brave a snowstorm hitting Washington on Tuesday morning. The Fed is expected to raise rates at the meeting’s conclusion on Wednesday. Liked the story? Subscribe to our daily and weekly newsletter, InfraReads, to keep track of India's infrastructure space.

India’s wholesale prices rose a more-than-expected 6.55 % year-on-year in February, compared with a 0.85% fall a year ago, driven by fuel and food prices, government data showed on Tuesday. The data compares with a 5.90% annual rise forecast by economists in a Reuters poll. In January, prices rose a provisional 5.25%, the fastest pace in two-and-a-half years. Last month, wholesale food prices rose 2.69% year-on-year, compared with a provisional 0.56% fall in January.

Some Indian banks are at risk of skipping coupon payments on their capital instruments despite recent easing of rules by the central bank and capital injection by the government into state-run lenders, Fitch Ratings said on Thursday. Mid-sized banks are the most at risk of breaching capital triggers, the agency said.