Indian rupee, bonds await RBI verdict; guidance on liquidity, currency moves eyed - Reuters
Indian rupee, bonds await RBI verdict; guidance on liquidity, currency moves eyed Reuters
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"a deal with Iran is possible by Monday while also threatening fresh strikes unless Iran opens the Strait of Hormuz by Tuesday."
— Donald Trump , Politician
"Impact of war on growth and inflation will become clearer in the next 3-4 months. RBI is likely to then take a call on the direction of its rate trajectory. If inflation overshoots its upper band of tolerance (6%), then there will be a chance of rate hike towards the end of the year."
— Sonal Badhan , Executive
Key People
Former president of the United States known for his aggressive economic policies.
Chief economist at CareEdge Ratings.
Sanjay Malhotra is the Governor of the Reserve Bank of India.
Economist at Bank of Baroda.
He is the Chief Economic Adviser to the Government of India.
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<a href="https://news.google.com/rss/articles/CBMiwAFBVV95cUxNWEF6NzNkeDBBVkUzTnVoUEplbnMwckEtT1cwLWJuc0gtaXRxeDdHdVY2bjdldFFMVnFhWlh5WGZ0dXR6eXpRT19odTBvTFplRkZ0cGlUOTg0cEZsdVVyNUlJa2YyWTlSY3dIdlcxUjMwdV94VFR1ZEJLLURPVlJld3hmUE5hZnlPQ3pxc09QUDZ6bEJRQ2p2RDR6VTk4UlIzZDM4YWNkMnFrbmIwVXlfeGhjN0V0czdSaUhJaWhTcmI?oc=5" target="_blank">Indian rupee, bonds await RBI verdict; guidance on liquidity, currency moves eyed</a> <font color="#6f6f6f">Reuters</font>
India's rupee and government bond markets are awaiting the Reserve Bank of India's monetary policy commentary, as investors assess the impact of energy supply disruptions on the economy.
Market expectations of a potential rate hike have emerged, with swap markets pricing in a possible 25 basis point increase amid concerns over imported inflation and rising input costs.
The Reserve Bank of India has taken a significant step by banning banks from engaging in non-deliverable forwards with clients, widening the rift between local and global currency markets.
Economists discuss the potential impact of inflation and currency pressures on the Reserve Bank of India's interest rate decisions in the fiscal year 2027.
The rupee recorded its strongest recovery in 13 years, rising 173 paise to close at 93.1, after RBI tightened rules to curb speculative bets and forced a sharp unwinding of dollar positions.
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