Forex market interventions during surges in capital flows to contain the INR volatility lead to an increase in money supply or M3, which however is found to be neither inflationary nor elicit a policy rate response by the RBI, finds a research paper published by the Reserve Bank of India .
Dr Reddy’s, Sun Pharma and other pharma stocks fall up to 3% as Trump threatens 25% tariff on India
Indian pharma stocks fell up to 3% after U.S. President Trump announced a 25% tariff on Indian imports over its trade with Russia. Concerns rose