RBI’s success on dollar flows raises stakes in inflation fight & clamour for rate hike
The Economic Times has reported a new India-focused economy development: “RBI’s success on dollar flows raises stakes in inflation fight & clamour for rate hike.” The publisher's feed describes the story as follows: India’s record $133 billion diaspora inflow has flooded banks with liquidity, pushing overnight rates below the RBI’s 5.25% policy rate. The Reserve Bank has already drained more than ₹1 trillion as food and oil prices fuel inflation concerns. Markets now expect further liquidity me
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