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... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Fiona Lim     (65) 6320 1374     fionalim@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.