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Crude above 0 will push inflation beyond 6%, trigger rate hikes: HSBC

Crude above $100 will push inflation beyond 6%, trigger rate hikes: HSBC

A new report suggests that persistent high crude oil prices could force the Reserve Bank of India (RBI) to raise interest rates to combat rising inflation, potentially impacting the Indian economy. Illustration: Dado Ruvic/Reuters Key Points Sustained crude oil prices

RBI Intervention Sparks Rupee Rally: Understanding the Impact on Forex Markets

RBI Intervention Sparks Rupee Rally: Understanding the Impact on Forex Markets

The Indian rupee experienced a dramatic surge following the Reserve Bank of India’s intervention in the forex market, but ongoing global economic pressures continue to pose challenges for the currency’s stability. Photograph: Francis Mascarenhas/Reuters Key Points The Indian rupee saw