Free Trial

RBI Says Extreme Weather, Volatile Crude Poses Risks to Inflation

INDIA

Highlights from the RBI's April Bulletin:

  • Global growth momentum has been sustained in the first quarter of 2024 and the outlook for global trade is turning positive.
  • In the near term... extreme weather events may pose a risk to inflation along with prolonged geo-political tensions that could keep crude oil prices volatile.
  • The Reserve Bank... has managed to contain INR volatility and keep FX markets largely stable in all high volatility episodes. Importantly, INR’s implied volatility has remained one of the lowest amongst major EME peer.
Separately, the RBI said it it is not necessary to activate the counter-cyclical capital buffer at this point in time. It also stated that it bought $8.56bn of foreign currency in February.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.