RBI’s Success on Dollar Flows Raises Stakes in Inflation Fight

Just months ago, India’s central bank pulled out all the stops to draw in dollars to bolster its foreign-exchange reserves and defend the rupee. The stronger-than-expected deluge of cash is...

By Anup Roy, Subhadip Sircar and Bhaskar Dutta · Bloomberg Markets

Just months ago, India’s central bank pulled out all the stops to draw in dollars to bolster its foreign-exchange reserves and defend the rupee. The stronger-than-expected deluge of cash is now adding to the case for a more hawkish monetary policy stance.