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Weakening rupee puts India interest rate cuts in doubt

Financial Times LogoFinancial Times15h ago

Weakening rupee puts India interest rate cuts in doubt - Financial Times

Quick Summary:

Some economists speculate that the more recent lack of strong RBI action to stem the rupee’s fall may mark a shift in stance under Malhotra towards a more market-driven view of the currency that could boost exports.

A drop in the value of India’s rupee has shaken expectations that the new head of the central bank will quickly cut interest rates to stimulate the country’s flagging economy.

Fuelled by soaring vegetable prices, headline inflation breached the upper 6 per cent limit of the central bank’s target band in October, though prices have since cooled with the rate slowing to 5.2 per cent in December.


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Article Details

Author / Journalist: Chris Kay

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-15 @ 05:00:27 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 903 words

Reading Time: 6 minutes read

Sentences: 27 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 25169353

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About Financial Times

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 19 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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Website Security: Secure (HTTPS)

Publisher ID: #3

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