India's inflation just crossed 6%.
October CPI: 6.09%, a two-year high and above the RBI's tolerance band. Food inflation 8.94%, onions +116% year on year. The repo rate is already 5.50% and the next MPC meets 2–4 December.
Rates are now rising at home AND in the US. Here's what that means if you trade $BTC from India:
https://www.binance.com/en/square/post/387699066509890
Not financial advice.
#India #Inflation #RBI
October CPI: 6.09%, a two-year high and above the RBI's tolerance band. Food inflation 8.94%, onions +116% year on year. The repo rate is already 5.50% and the next MPC meets 2–4 December.
Rates are now rising at home AND in the US. Here's what that means if you trade $BTC from India:
https://www.binance.com/en/square/post/387699066509890
Not financial advice.
#India #Inflation #RBI
