INSUBCONTINENT EXCLUSIVE:
By Anirban NagA sustained weakness in the rupee may push the Reserve Bank of India to further tighten monetary policy, perhaps as early as
Bloomberg Television in an interview on Monday, adding that after two interest rate hikes since June, he, like most in the market, thought
the central bank had bought time before the next increase
At the same time, inflation is easing, with headline numbers for August likely to show that the consumer price index rose by less than 4
midpoint of its target band
there was a rising threat from global trade wars, with potential implications for investment and exports
The Indian currency lost 3.5 percent last month and is the worst performer in Asia so far this year, mainly due to worries about a widening
The MPC is scheduled to announce its next decision on Oct
And if that continues and the RBI is losing reserves at the rapid pace, then the October meeting very much comes into play and the strong
Ministry said in a statement on Friday, beating the 7.6 percent median estimate in a Bloomberg survey of 42 economists.
