Japan's core inflation has hit a 19-month high of 3.2%, leaving the Bank of Japan with little choice but to tighten its monetary belt while households wrestle with skyrocketing food and energy prices.

IST, the barometer index, the S&P BSE Sensex, slipped 465.15 points or 0.62% to 75,261.87. The Nifty 50 index declined 144.05 points or 0.63% to 22,769.10.

The government increases DA twice a year, once in January and again in July. The last time, in October 2024, employees ...