The nascent improvement in some demand and manufacturing indicators is increasingly being threatened by the COVID-19 outbreak. Analysts at ANZ Research details the next steps India must take. USD/INR trades at 74.218. Key quotes “With financial stress added in the mix, India faces a scenario of prolonged lower growth.” “Given the heightened risks of a sharp global slowdown, fiscal and monetary accommodation needs to be stepped up.” “We expect the Reserve Bank of India (RBI) to be at the forefront of fighting this slowdown with a 50bp reduction in the policy repo rate on or before their 3 April meeting.” “Inflation is unlikely to be a consideration in this environment.” 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 GBP/USD: Johnson changes the playfield FX Street 2 years The nascent improvement in some demand and manufacturing indicators is increasingly being threatened by the COVID-19 outbreak. Analysts at ANZ Research details the next steps India must take. USD/INR trades at 74.218. Key quotes “With financial stress added in the mix, India faces a scenario of prolonged lower growth.” “Given the heightened risks of a sharp global slowdown, fiscal and monetary accommodation needs to be stepped up.” “We expect the Reserve Bank of India (RBI) to be at the forefront of fighting this slowdown with a 50bp reduction in the policy repo rate on or before their 3 April meeting.” … 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.
