RBI intervention steadies the Indian Rupee while fading Bank of England rate-hike expectations affect Sterling.

The entities involved

• Indian Rupee →

  official currency of the Republic of India

  Nothing else this week.

• Reserve Bank of India →

  central bank of India

  • RBI monitors challenges from crude oil prices and concerns over inflation and slowing growth.Mon 13:28
  • Nomura advises on potential shifts in Reserve Bank of India policy amid changes in the global economic outlook.Mon 13:10
• Bank of England →

  central bank of the United Kingdom

  • Central banks, including the ECB, FED, Bank of Japan, and Bank of England, are holding rate meetings and addressing inflation in response to the Iran war.Mon 12:14
  • The Bank of England may realign its monetary policy stance with the European Central Bank and Bank of Japan regarding future rate hikes.Mon 12:14

Related events

• Investors are factoring in expectations regarding a Bank of England rate hike while monitoring mediation efforts aimed at ending the Middle East conflict.Aug 27
• RBI is prompted to tighten monetary policy as markets track BoJ rate hike expectations, according to Radhika Rao's economic outlook.Sep 15
• RBI may raise interest rates due to inflation.Jul 18
• UK's exit from the EU has influenced Bank of England policy, with economists from Morgan Stanley and Rabobank commenting on the impact on UK gilt yields.Sep 17
• RBI intervenes to curb rupee declines amid West Asia conflict, while Barclays monitors the impact of geopolitical events on global markets.Aug 14