In private and in public at last week's global central banking conference in Jackson Hole, the message from visiting policymakers was that the Fed has telegraphed an initial monetary tightening and, following a year-long rise in the dollar, financial markets globally are as ready as they can be.
China's 2 percent devaluation on Aug. 11 added to evidence that its economy was struggling, and overseas it caused a ripple of panic that a currency war was in the offing.
Adverse weather could hit central banks' scope for stimulating emerging markets, economists have warned.
Indonesia, which enjoys some of the world`s lowest petrol prices thanks to USD 20 billion in annual fuel subsidies, could see prices rise between 13 US cents and 25 cents -an increase of up to 46 percent-in November, according to analyst estimates.
Bank Internasional Indonesia has commenced the operations of its Mumbai branch effective today.
Mark Matthews at Macquarie Capital Securities said that the US economic data has been performing better than expected with the fear of double dip recession in US rapidly receding. However, this may augur as bad news for India he said as he feels India may not outperform when global economic data is strong.