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The Reserve Bank of India may be forced to act faster on policy tightening after data showed retail inflation spiked sharply to nearly 7 per cent in March, and the fallout of the Ukraine war pushing energy rates higher was expected to add to the already spiralling price pressures.
The Russia-Ukraine war and inflation are making a mess of things, Deutsche Bank economists say.
The most-traded SHFE 2205 aluminium opened overnight at 22,005 yuan/mt, with the lowest at 21,890 yuan/mt and highest at 22,235 yuan/mt, closing at 21,940 yuan/mt, up 240 yuan/mt or 1.11% than yesterday.
Bank Indonesia (BI) has revised its 2022 global economic growth forecast downward to 4.2 percent from 4.4 percent citing the Russia-Ukraine ...
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