BofAML says RBI dollar reserves not enough to save Rupee
India’s foreign-exchange reserves are shrinking fast and may soon reach a level that could hamper the central bank’s ability to defend the rupee, according to Bank of America Merrill Lynch.
“You have sold so much that your ability to sell is becoming more and more constricted,” he said.
What will happen to Rupee if RBI is unable to defend as US dollar interest rates continue to rise..... 😨
If RBI defends Rupee by raising interest rates what happens to economy with defaults rising in banks NBFCs , bonds and real estate.... 😨
No comments:
Post a Comment