The Reserve Bank of India (RBI) Governor Shaktikanta Das is out on the wires now, via Reuters, with the key headlines found below.
Growth is a matter of highest priority at this juncture.
Important to look at issues of financial stability.
It’s worth noting that the RBI cut key interest rate for the fourth consecutive time earlier this month, as it reduced repo rate by 35 bps to 5.40% to boost the slowing economy.
The USD/INR cross remains little affected by the above comments, consolidating in a tight range around 71.20 levels.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.