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Sensex edges lower on inflation concerns; banks, IT stocks down

Reuters 

By Krishna V KurupREUTERS - Indian shares inched down on Tuesday, with markets taking a breather as the possibility of the central bank cutting interest rates next month was further dampened after retail inflation picked up to a seven-month high in October.India's retail inflation grew 3.58 percent last month, government data showed on Monday, driven by faster rises in prices of food and fuel products. "The likelihood of inflation testing the 4 percent target by late 2017 and staying above it for rest of 2018 reinforces our expectations that central bank will remain on hold in December and ...

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First Published: Tue, November 14 2017. 11:48 IST
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