Strong dollar poses risk to global growth engines: RBI bulletin

The strengthening US dollar is increasing the risk to global growth, especially for fuel importers like India, as it amplifies tight financial conditions. The rise in crude oil prices is also contributing to inflationary pressures. The authors of a State of the Economy article in the RBI's October Bulletin warn that the stronger dollar and higher energy prices could lead to longer periods of cautious monetary policy.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/fG7yFOW
via IFTTT

Comments

Post a Comment

Popular posts from this blog

RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Coop Bank

The RBI has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank in Pali, Rajasthan, due to inadequate capital and earning prospects. Depositors will receive deposit insurance claim amount up to Rs 5 lakh from DICGC. As on November 30, 2023, DICGC has already paid Rs 45.22 crore of the total insured deposits based on the willingness received from the depositors concerned of the bank. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PEzW9QB via IFTTT
Read more