The US Federal Reserve has returned to rate hikes after a three-year hiatus, raising the federal funds target range by 25 basis points to 3.75 – 4 per cent as inflation remains stubbornly above its 2 per cent goal. The move has wider implications for emerging markets, including India, where a weakening rupee, elevated inflation […]
The RBI’s special USD-INR swap facility has delivered a bigger-than-expected boost to foreign-currency inflows, helping shore up the rupee, replenish forex reserves and inject liquidity into a banking system hungry for deposits. But the success has also opened up a new set of questions around the risks of taking on large dollar liabilities and managing […]
The Indian economy grew by 7.8 per cent in Q1 FY27, better-than-expected, despite a challenging global environment. India’s growth story continues to draw strength from resilient domestic demand. Despite geopolitical tensions, volatile commodity prices and an uneven monsoon, economic activity has remained relatively firm, supported by healthy private consumption, a revival in investment, improving employment […]
Chair of the Federal Reserve of the United States, Kevin Warsh’s hawkish message at Jackson Hole has jolted expectations ahead of the US Federal Reserve’s September policy meeting, reviving bets of a rate hike later this year. While the new Fed chief stopped short of offering explicit guidance, his warning that the central bank still […]