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Lowering inflation top priority for South Asia - India cenbank chief

06 Tháng Giêng 2023
Lowering inflation top priority for South Asia - India cenbank chief © Reuters. FILE PHOTO: Reserve Bank of India (RBI) Governor Shaktikanta Das speaks at the Global Fintech Fest in Mumbai, India, September 20, 2022. REUTERS/Francis Mascarenhas

By Nikunj Ohri

NEW DELHI (Reuters) -Taming inflation is the top priority for South Asian countries as risks to growth and investment outlook could rise if price pressures persist at high levels, Reserve Bank of India (RBI) governor Shaktikanta Das said on Friday.

Speaking at an event organised by the International Monetary Fund (IMF), Das said policy challenges for the region have accentuated due to the Covid-19 pandemic and the war in Ukraine.

Earlier, IMF Deputy Managing Director Antoinette Sayeh said India is in a relative "bright spot" in the world economy, but needed to leverage its existing strength in services exports and extend it to job-rich manufacturing exports.

Intra-regional trade in South Asia is only at one-fifth of its potential, Das said, adding that boosting it can enhance growth and employment opportunities for the nations in the aftermath of the pandemic.

India has also been trying to promote rupee-based settlement of trade and Das said RBI has been in talks with some countries in the region to facilitate it.

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30-09-2023 20:33:26 (UTC+7)

EUR/USD

1.0572

+0.0013 (+0.12%)

Summary

↑ Sell

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EUR/USD

1.0572

+0.0013 (+0.12%)

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1.2201

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USD/JPY

149.38

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Neutral

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AUD/USD

0.6438

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EUR/JPY

157.92

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EUR/CHF

0.9677

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1,864.60

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22.390

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3.7340

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92.09

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DAX

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17,822.00

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42.950

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225.70

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7.506

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135.66

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 EUR/USD1.0572↑ Sell
 GBP/USD1.2201↑ Sell
 USD/JPY149.38Neutral
 AUD/USD0.6438↑ Buy
 USD/CAD1.3575↑ Buy
 EUR/JPY157.92↑ Sell
 EUR/CHF0.9677Neutral
 Gold1,864.60↑ Sell
 Silver22.390Neutral
 Copper3.7340↑ Buy
 Crude Oil WTI90.77↑ Sell
 Brent Oil92.09↑ Sell
 Natural Gas2.930↑ Sell
 US Coffee C145.23↑ Sell
 Euro Stoxx 504,173.35↑ Sell
 S&P 5004,288.05↑ Sell
 DAX15,386.58↑ Sell
 FTSE 1007,608.08↑ Sell
 Hang Seng17,822.00Buy
 Small Cap 20001,785.10↑ Sell
 IBEX 359,428.00↑ Sell
 BASF42.950↑ Sell
 Bayer45.45↑ Sell
 Allianz225.70Sell
 Adidas166.62↑ Sell
 Lufthansa7.506Neutral
 Siemens AG135.66↑ Sell
 Deutsche Bank AG10.450↑ Sell
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