Refinitiv Newscasts - Asia Insight: Rupee, inflation in focus as RBI holds special meeting

Karnataka Bank

02/11/2022 08:33

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Source: Reuters

Description: The Reserve Bank of India's MPC will hold a special meeting on
Thursday to discuss its first ever inflation target miss. Meanwhile,
strategists in a Reuters poll see the rupee hitting an all-time low over the
next 12 months, despite the RBI drawing down 118 billion dollars from reserves
to defend the currency. In other news, Gujarat mourns the victims of the Morbi
bridge collapse; Prime Minister Narendra Modi calls for a detailed inquiry
into the disaster, in which at least 135 people died.
Short Link: https://refini.tv/3WnUQiB

Video Transcript:

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