Fuel Prices To Weigh On RBI’s MPC 3-day Meet

Fuel Prices To Weigh On RBI’s MPC 3-day Meet

Hardening domestic fuel prices are likely to weigh on the Reserve Bank’s rate setting panel, Monetary Policy Committee (MPC), at its 3-day meet from June 4. This is the first time that the MPC will meet for three days due to “administrative exigencies”.

Higher oil prices will widen CAD, RBI may issue NRI bonds: BofA-ML

Higher oil prices will widen CAD, RBI may issue NRI bonds: BofA-ML

India’s current account deficit (CAD) is set to widen due to higher oil prices which could lead to the Reserve Bank of India (RBI) issuing a fresh tranche of NRI bonds to shore up its foreign exchange reserves, Bank of America-Merrill Lynch (BofA-ML) India economist Indranil Sen Gupta said in a note on Thursday.

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