Tag: India
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Rise of US dollar forwards builds risk for Asia’s central banks
Central banks across Asia are increasingly using derivatives to protect their currencies against a strong US dollar, raising questions over how long they can do so and whether they are just storing up trouble for the future. The Reserve Bank of India’s net US dollar short forward position – the amount of dollars that will be…
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China’s Lesson for India on Weaponized Interdependence
Recent Chinese export curbs on capital goods and machinery to India amount to India’s biggest geoeconomic challenge since sanctions by the West following its successful nuclear test in 1998. Over the past few weeks, multiple reports have emerged suggesting that Chinese companies are restricting export of vital advanced capital goods and machinery to India. Indian manufacturers of electronics, solar…
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India’s oil demand growth to top China’s in 2024, trend to continue next year: S&P
India imports about 85% of its crude oil requirement and the government has said that the country would continue buying oil from the cheapest available sources to meet growing demand India is poised to close 2024 with a higher oil demand growth rate than China, underscoring its emergence as a key consumption hub in Asia,…