Macro Finance
India’s $133 Billion Cash Deluge Puts RBI on Hawkish Path
Bloomberg Markets·October 1, 2026·1 min read
India's central bank faces a more hawkish policy path after a stronger-than-expected deluge of cash, following months of drawing in dollars to bolster foreign-exchange reserves and defend the rupee. The cash influx adds to the case for tighter monetary policy, according to a report.
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