Fed's 17th increase leaves India with no choice

According to this article published Monday 3 July by Bloomberg, the Reserve Bank of India cannot afford to skip another quarter-point increase in July, with the Federal Reserve boosting rates last week.

"If Reserve Bank of India Governor Y.V. Reddy still decides to keep the policy on hold in July, he may be exposing the economy to unnecessary risks," it says.

"Inflation is gathering momentum, and unlike many emerging markets, tolerance for price increases is quite low in India."

"The July rate i

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: