The developments are unlikely to nudge the MPC to raise interest rates yet, but could force it to spell out its priorities given concerns over the war have overtaken pandemic’s impact.
The Russia-Ukraine crisis has led to a rush towards safe haven assets such as gold and the US dollar. Investors are selling riskier assets such as Indian equities.
The surge in edible and crude oil prices are bound to feed into headline inflation, which has already breached the upper tolerance limit of RBI's 2-6% target range.
New Delhi/Mumbai: The lone dissenter among India’s monetary policy setters sees the central bank’s inflation-targeting credibility at risk by keeping policy loose for too...
Some of the typically sluggish indicators such as consumer sentiment, bank credit have seen a pick up. But escalating geopolitical tensions and higher oil prices pose risks.
RBI will enter into sell-buy swaps worth $5 billion with banks on 8 March to elongate the maturity profile of its forward dollar book, it said in a statement Monday.
From farmers to government workers, people of Punjab are out on the streets protesting. And it’s not hard to see why, given the economy's data indicators.
Armani built a multibillion-dollar global brand from something as simple as an unstructured jacket, and broke down the walls between formal and casual.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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