Skip to main content

RBI unlikely to panic over rupee sell-off

India has not been immune to the turbulence that has hit EM markets over the past few days in the wake of the unfolding crisis in Russia. This has led to suggestions that the RBI is now likely to delay policy loosening. But local market moves have been fairly small and, even if the EM sell-off was to intensify, India would stand a good chance of riding it out given the reduction in the current account deficit since a year ago. Accordingly, we are sticking with our view that the RBI will cut policy rates in early 2015.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access