Similarly, the NSE Nifty was trading lower by 78.70 points, or 0.77 per cent, at 10,039.55.
Maintaining a hawkish stance, the Reserve Bank of India today maintained status quo on key interest rates even as revised its inflation forecast upwards. Meanwhile, Fitch Ratings lowered its forecast for India's economic growth for FY2017-18 and FY2018-19 to 6.7 percent and 7.3 percent, respectively.
GDP growth had slumped to a three-year low of 5.7% in the June quarter.
Those fears, plus the prospect they would further reduce the scope to cut rates amid accelerating inflation, have sent benchmark 10-year bonds sharply lower since the RBI cut the repo rate on August 2, with the yield up more than 60 bps. That's still low by Indian standards, but not far from the central bank's 4 percent target.
Japanese financial services major Nomura said in a report that input cost pressures are marginally higher now, which along with higher food inflation is likely to push retail inflation slightly above the RBI's target of 4 per cent in November and beyond.
That has sparked renewed calls from some government officials for the RBI, which has cut the repo rate by 200 bps since January 2015, to trim again.
China Moving Toward Accepting Nuclear-Armed N.Korea
Instead, the U.S. suddenly announced it would be holding the drills in October, then November, then December. The US has warned that North Korea's government will be "utterly destroyed" if war breaks out.
Officer Shot In Arnold, MO In Stable Condition
There was no other officer in the vehicle at the time of the shooting and authorities are not looking for any other suspects. Arnold Police Chief Robert Shockey says the shooting took place during the ride from the gas station to the police station.
Australia beat England by 120 runs in second Ashes test
That scenario relied heavily on England skipper Joe Root , on 67, posting a big score on day five at the Adelaide Oval. Before the Ashes action moves to Perth, let's have a look at the hits and misses from the second Test.
Austrian court legalizes same-sex marriage starting in 2019
It also ruled that civil partnerships must also be open to heterosexual couples and not just same-sex ones as at present. The ruling paves the way for the removal of the phrase "different sex" from Austria's marriage law on December 31, 2018.