Johanna Melka, Research Analyst at BNP Paribas, notes that in June, India’s consumer prices rose 5% compared with the same period last year, which reflects the rise in transport costs (driven up by higher international oil prices) as well as the increase in house prices (+8.4% year-on-year). Key Quotes “Although inflation is still below the monetary authorities’ target of 4% +/- 2 percentage points, the central bank raised its benchmark rate by 25 basis points during the latest monetary policy committee meeting, in June. This rate increase, the first since 2014, occurs at a time when the rupee is under pressure, having depreciated by 7% since the beginning of the year.” “As a net oil importer, the country has not been spared from the wave of mistrust by foreign investors since April, even though growth prospects are still looking upbeat and external vulnerability is moderate. Foreign reserves have reached nearly USD 406 bn at the beginning of July, the equivalent of 1.5 times its short-term external financing needs.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next eToro’s Analyst Mati Greenspan- “Cardano is the most exciting crypto at the moment;” ADA/USD is unstoppable towards $0.20 FX Street 5 years Johanna Melka, Research Analyst at BNP Paribas, notes that in June, India's consumer prices rose 5% compared with the same period last year, which reflects the rise in transport costs (driven up by higher international oil prices) as well as the increase in house prices (+8.4% year-on-year). Key Quotes "Although inflation is still below the monetary authorities' target of 4% +/- 2 percentage points, the central bank raised its benchmark rate by 25 basis points during the latest monetary policy committee meeting, in June. This rate increase, the first since 2014, occurs at a time when the rupee is under… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
