Malaysia's Best News App

Taper warning signs flash to markets from India Central Bank

Business & Finance

(Sept 24): Traders are seeing hints that India’s central bank is seeking to drain record liquidity from the banking system, another sign that the global flood of pandemic-era easy money may begin to ease.

The Reserve Bank of India is increasingly shifting its forex intervention to the forwards market to keep from injecting rupee liquidity, according to traders and economists, including Madhavi Arora of Emkay Global Financial Services Ltd. The monetary authority is also signaling a taper to its outright bond purchases, or even do away with them totally, from next quarter, some of them said.

Amid the global move toward normalization, led by the U.S. Federal Reserve, RBI Governor Shaktikanta Das has maintained that monetary policy will stay easy to ensure a durable economic recovery. But add to that expectations that India’s inflation will remain elevated, cur

reaction1 reaction1

How to Install Newswav
1. Scan the QR code below
1. Tap this button
2. Tap Get / Install in App Store / Google Play
guide 1
3. Go to homescreen & tap on Newswav app
guide 1