The Reserve Bank of India on Wednesday warned of a global currency war on rising trade tensions and said it did not want to add to the risk profile of India's growth as it hiked its key lending rate by 25 basis points to 6.5 per cent.

The Reserve Bank of India on Wednesday said that the possibility of global protectionist measures culminating into currency wars can hamper India's growth prospects.

Continuing with the reversal of accomodation begun in June, the RBI on Wednesday again hiked its key lending rate by 25 basis points to bring the repo to 6.50 per cent citing upside risks to inflation.

The Reserve Bank of India (RBI) on Wednesday raised its key benchmark lending rate by 25 basis point to 6.5 per cent in its third monetary policy review of 2018-19.

After a largely volatile trade, healthy quarterly earnings results along with fresh influx of foreign funds and expectations of a dovish monetary policy aided the key Indian equity indices to pare their initial losses and end Tuesday's trade session on a record high.

The Supreme Court on Monday, acknowledging the piles of junked vehicles lying around several police stations across the capital, asked Delhi Police Commissioner to frame a policy to dispose of impounded vehicles.

The government has not made any assessment of the direct impact on small traders of the US retail giant Walmart's stake purchase in Flipkart, Parliament was informed on Monday.

The government on Monday finally approved the implementation of guidelines for the defence Strategic Partnership model that incentivises domestic private as well as foreign firms in military manufacturing in the country.

In the face of reservations from some ministers and legislators, including cabinet minister Navjot Singh Sidhu, the Punjab cabinet on Monday gave its approval to a new policy framed to regularise illegal colonies.

With retail inflation in India having regained the 5 per cent mark, the RBI Monetary Policy Committee (MPC) began its extraordinary three-day consultations on Monday for the second time before an announcement of its bi-monthly policy review slated for Wednesday.