India – shock therapy…

The RBI has announced measures to dampen speculative positioning interest for a weaker INR. The central bank’s move effectively pushes overnight rates higher as they limit allocations under the Liquidity Adjustment Facility (LAF) and increase the Marginal Standing Facility (MSF) rate to 10.25% from 8.25%.

Read the full report

Powered by WPeMatico

This entry was posted in Forex. Bookmark the permalink.

Comments are closed.