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The Reserve Bank of India’s decision to cut rates by another 35 basis points today will undoubtedly worsen the Indian rupee’s plight during the ongoing emerging market turmoil. Meanwhile, renewed tensions over Kashmir won't have been helpful for the currency either. We are revising our end-2019 USD/INR forecast higher to 72.0 from 70.0 (spot 70.8)
Reserve Bank of India's new Governor Shaktikanta Das
Our high-conviction, low probability call fails
Exceeding the consensus expectations of a 25bp cut, the Reserve Bank of India ((RBI)) Monetary Policy Board decided to provide