Brind.
  1. RBI monitors global yields including Germany's and Japan's markets amid geopolitical uncertainties caused by the ongoing Middle East war.
  2. 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.
  3. The RBI is monitoring inflation, leading to government actions like increased import duties and price hikes in fuel products.
  4. 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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India's Cabinet Secretariat engaged in high-level discussions on gold pledging as the nation faces plummeting forex reserves.

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