India’s services economy lost momentum for the second consecutive month in March, growing at its slowest pace of expansion in more than a year as demand slowed and inflation pressures persisted amid the ongoing war in Iran. The slowdown reflects a slowdown in new business arrivals, which have fallen to a 14-month low. (Pixabay) The…
The Reserve Bank of India’s recent defense of the rupee versus the dollar is weighing on the country’s foreign exchange reserves, leading some analysts to call for less intervention in the future. According to former RBI Deputy Governor Michael Patra, India needs a foreign exchange reserve buffer of at least $1 trillion for strong intervention…
India’s inflation rate increased in February even before the full impact of the Iran war was visible on the world’s fourth largest economy. However, it is still below the RBI’s inflation target. India’s inflation rate increased in February even before the full impact of the Iran war was visible on the world’s fourth largest economy….
