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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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04-12-2023 20:48:44 (UTC+7)

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 EUR/USD1.0859↑ Sell
 GBP/USD1.2660↑ Sell
 USD/JPY146.72↑ Buy
 AUD/USD0.6645↑ Sell
 USD/CAD1.3534↑ Buy
 EUR/JPY159.33↑ Sell
 EUR/CHF0.9477↑ Sell
 Gold2,079.60↑ Sell
 Silver25.593↑ Sell
 Copper3.8598↑ Sell
 Crude Oil WTI73.57↑ Sell
 Brent Oil78.40↑ Sell
 Natural Gas2.700↑ Sell
 US Coffee C177.72↑ Sell
 Euro Stoxx 504,411.85↑ Sell
 S&P 5004,594.63↑ Buy
 DAX16,412.45Neutral
 FTSE 1007,494.99Sell
 Hang Seng16,650.00↑ Sell
 Small Cap 20001,862.64↑ Buy
 IBEX 3510,166.69Buy
 BASF43.550Neutral
 Bayer30.80↑ Sell
 Allianz234.43↑ Buy
 Adidas194.10↑ Sell
 Lufthansa8.298↑ Buy
 Siemens AG157.24↑ Sell
 Deutsche Bank AG11.532↑ Buy
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