Central Banking

RBI sees consequences from China rate move

The Reserve Bank of India said on Tuesday 26 July that the shift in exchange rate policy announced by China was likely to have important consequences for the global economy.

"While the direction of change is evident, the pace, the steps and the associated administrative measures by the authorities would have to be watched to determine the impact of these changes on the global economy. Of particular significance would be the ongoing responses of the domestic financial as well as real estate sec

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