New Delhi: The Reserve Bank of India (RBI) has been caused disquiet by the rollback of monthly bond-buying programme of US Federal Reserve. Emerging market economies (EMEs) across the globe have been caught off-guard by the gradual withdrawal of monetary stimulus as they fear depreciated currencies.
The rollback of the unconventional monetary policy by US is propelling exit of foreign investing institutions (FIIs) from India Inc. and other EMEs. The already slowed neighbouring Chinese economy is only to add troubles for India. EMEs have been swirled owing to the massive sell-off causing dollar outflow.Read more
No comments:
Post a Comment