Page 28 - Quanteco Research News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Imports are not an option because of high prices overseas after the war in Ukraine

Economists say annual headline inflation will likely start easing from September's 7.41% peak because of a jump in the index in corresponding months last year, but price pressures on grains, vegetable and milk will persist.

The Indian central bank's 2013 playbook to buffer the domestic currency against steep declines and rebuild foreign exchange reserves is unlikely to prove fruitful in the current crisis as economic fundamentals are vastly different, analysts said.

To defend the rupee, the Reserve Bank of India has dipped into its forex reserves. It has sold a net $43.15 billion worth of dollars since the start of 2022, including $4.25 billion this August.

India's benchmark bond yield posted its biggest single session drop in two weeks on Monday, after minutes of the latest monetary policy meeting were seen as dovish, calming fears of aggressive...