Wednesday, June 6, 2018

FW: Global Markets Daily: RBI Must Act Today

 

 

RBI Must Act Today

Global Markets Daily
by Saktiandi Supaat

FX Research

RBI will decide on its monetary policy today. We had thought it could happen in Oct but we see a real risk for them to act today and they should. Noteworthy is the fact that most of the MPC members have been rather hawkish even during the times when price pressure was subdued. The upside surprise in CPI and WPI in May likely confirmed their fear. The persistent rise in crude prices for much of the past few months has triggered significant sell-off in domestic bonds and rupee which in turn...

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