The Australia and New Zealand Banking Group (ANZ) analysts highlight that its going to be a tough task for the Reserve Bank of India (RBI) to manage its monetary policy amidst stabilizing Balance of payments (BoP). Key quotes “India’s balance of payments (BoP) has been remarkably solid. The H1 FY21 (fiscal year ending March 2021) surplus of 4.5% of GDP was the highest in the post-global financial crisis period. Our full-year FY21 estimate of 4.0% of GDP will mark a multi-decade high.” “This dollar deluge will recede in FY22, but only modestly. We in fact argue that India’s BoP is structurally rising and is also becoming more stable.“ “These surpluses have diminished the economy’s vulnerability to external shocks. At the same time, it has complicated the management of the monetary policy.” “Juggling between ensuring a competitive currency via intervention, calibrating onshore liquidity and supporting the government borrowing programme has been particularly challenging for the Reserve Bank of India (RBI). Our BoP estimates imply that this challenge will not disappear anytime soon.” 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 USD/JPY Price Analysis: Hits two-week high after bullish breakout FX Street 1 year The Australia and New Zealand Banking Group (ANZ) analysts highlight that its going to be a tough task for the Reserve Bank of India (RBI) to manage its monetary policy amidst stabilizing Balance of payments (BoP). Key quotes “India’s balance of payments (BoP) has been remarkably solid. The H1 FY21 (fiscal year ending March 2021) surplus of 4.5% of GDP was the highest in the post-global financial crisis period. Our full-year FY21 estimate of 4.0% of GDP will mark a multi-decade high.” “This dollar deluge will recede in FY22, but only modestly. We in fact argue that India’s BoP is structurally… 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.
