RBI Deputy Governor Rabi Sankar expressed confidence in India’s ability to navigate potential market volatility stemming from the Trump presidency. Sankar highlighted India’s robust reserves and sound banking system as key strengths. Additionally, he firmly rejected the European Securities and Markets Authority’s demand for oversight of India’s bond clearing platform, citing sovereignty concerns.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction