Anup Roy
Reporter at Bloomberg News
Economy and Government Reporter, Bloomberg. All for FOSS. Retweets are not endorsements, opinions are my own.
Articles
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1 week ago |
bloomberg.com | Subhadip Sircar |Bhaskar Dutta |Anup Roy
Sanjay Malhotra(Bloomberg) -- India’s central bank may have space for further policy easing if inflation undershoots its projections, said Governor Sanjay Malhotra, seeking to address market confusion sparked by his earlier remarks that the authority has limited room for easing.
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2 weeks ago |
bloomberg.com | Prateek Mazumdar |Anup Roy
A wholesale market in Jalandhar. (Bloomberg) -- India’s inflation eased further in May, marking a seventh consecutive monthly decline and validating the central bank’s unexpectedly large interest rate cut last week. The consumer price index rose 2.82% from a year earlier, data from the statistics ministry showed Thursday. That’s the slowest pace since February 2019 and lower than the 2.98% increase predicted by economists in a Bloomberg survey. Inflation had eased to 3.16% in April.
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2 weeks ago |
bloomberg.com | Anup Roy
Sanjay Malhotra(Bloomberg) -- India’s central bank under new Governor Sanjay Malhotra is giving market participants conflicting signals about monetary policy as it takes aggressive steps to spur economic growth and lending. The Reserve Bank of India surprised analysts last week by cutting interest rates more than expected and announcing a cash boost for banks, citing the need to spur growth.
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2 weeks ago |
flipboard.com | Anup Roy
1 hour ago Myanmar: The Tragedy Of Socialism And Military Dictatorship – Analysis Despite its breathtaking golden pagodas, vibrant culture, and welcoming people, Myanmar stands as a tragic example of how military dictatorship and … 3 hours ago No wedding, India trip for B.C. tax cheat on house arrest Balkar Singh Bhullar of Richmond failed to report almost $7.5M in income and was fined $2.1M A Richmond man who failed to report almost $7.5 million … 1 hour ago Full India-US trade pact may take...
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3 weeks ago |
bloomberg.com | Anup Roy
A trader in Vadnagar, Gujarat, India. (Bloomberg) -- The lone economist who predicted the Reserve Bank of India’s out-sized interest rate cut on Friday expects another smaller reduction before the central bank hits a pause. There is scope for lowering the benchmark rate by a quarter-point, “but we are close to the end of it,” said State Bank of India’s Soumya Kanti Ghosh, the only economist among 34 surveyed to get it right. He did not give a timeline on when the central bank will do it.
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