“The RBI in the February MPC meeting expectedly raised the repo rate by 25 basis points, while higher inflation print in January CPI poses risk of another hike if inflationary expectations do not ease,” said Anand Dama, analyst with brokerage Emkay Global. “With the threat of El Nino on the rise, food inflation could be a spoil-sport and, thus, add to the risk.”
Yen edges up as traders push back Fed rate hike bets
The yen slightly appreciated against the dollar, seemingly unfazed by disappointing Japanese GDP results. Market participants have begun to adjust their forecasts, pushing back the
August 17, 2026