India’s central bank drew in dollars over recent months to bolster foreign-exchange reserves and defend the rupee, and the stronger-than-expected inflow is now adding to the case for a more hawkish monetary policy stance, according to Bloomberg.
India’s central bank drew in dollars over recent months to bolster foreign-exchange reserves and defend the rupee, and the stronger-than-expected inflow is now adding to the case for a more hawkish monetary policy stance, according to Bloomberg.