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Jun 18, 2012, 07.11 PM IST
India and other developing countries could be adversely affected due to increased risk aversion and slowdown in global capital flows amid renewed concerns over sovereign debt crisis in euro zone, RBI said today.
The Reserve Bank also cautioned that growth and inflation of developing nations, including India, would be adversely impacted, if there is an "event shock" globally, which could prompt the central banks in advanced countries to ease their monetary policy leading to a possible rebound in commodity
"Should there be an event shock, central banks in advanced economies will likely do another round of quantitative easing. "This will have an adverse impact on growth and inflation in EDEs, particularly on oil importing countries such as India, through a possible rebound in commodity prices," it added.
May 22 2013, 13:11
- in MARKET OUTLOOK
May 22 2013, 10:44
- in Economy