- RBI monitors global yields including Germany's and Japan's markets amid geopolitical uncertainties caused by the ongoing Middle East war.
- The Reserve Bank of India is facing pressure to raise interest rates due to heavy reliance on energy imports from West Asia, impacting inflation and APAC banks.
- The RBI is monitoring inflation, leading to government actions like increased import duties and price hikes in fuel products.
- RBI involved in gold scheme to reduce imports.
India's Cabinet Secretariat engaged in high-level discussions on gold pledging as the nation faces plummeting forex reserves.
1 report, 1 independent
Updated Jul 1
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What happened
India's Cabinet Secretariat engaged in high-level discussions on gold pledging as the nation faces plummeting forex reserves.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
- India
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Reserve Bank of India
central bank of India
Related events
- The Indian government announced raises to gold hallmarking fees, amid a collision involving a foreign naval vessel in international waters, alongside political opposition to UPI policies.
- Gold holdings in India are reported to contribute to the nation's GDP growth.
- India is identified as a major market hub for gold transactions.
Coverage
Newest first; wire copies grouped- indianexpress.comA ‘golden’ fix for India’s forex stress?