INSUBCONTINENT EXCLUSIVE:
Reserve Bank may go for a status quo at the policy review next month, said Japanese brokerage firm.MUMBAI: Weakness in the rupee does not
offer a sufficient alibi for a rate hike and the Reserve Bank may go for a status quo at the policy review next month, a Japanese brokerage
The markets have priced in tightening as well, but it is unlikely to materialise, Nomura said in a report
"Because of the RBI's inflation-targeting mandate,currency weakness in itself may not provide a sufficiently strong argument for rate
depreciation, which was driven by "idiosyncratic factors", the troubles for the rupee are driven largely by global factors in the current
shed over 12 per cent this year against the dollar to be one of the weakest currencies
inflation down to 4 per cent over the medium term, has hiked rates twice this year by a cumulative 0.50 per cent.(Except for the headline,
this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)
