Indian markets are zeroing in on the RBI's October 7 meeting, where fresh expectations of a 25 basis point rate hike have taken hold, driven by inflation worries and a weakening ru
Indian markets are zeroing in on the RBI's October 7 meeting, where fresh expectations of a 25 basis point rate hike have taken hold, driven by inflation worries and a weakening rupee. The currency defense has come at a cost, with foreign exchange reserves logging a record weekly drop, while crude imports hit a year-high in September, adding pressure on the trade balance. Political noise around voter roll protests continues, but the central bank decision remains the clear focal point for the week ahead.
Sources
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