While speaking at the Monetary Policy statement meeting on Friday, Das said India’s external position is quite strong despite high inflation and recession scare in the western countries.
21st Austria weekly - RBI Lenzing 03/08/2022 [pic1]Lenzing: The fibers producer Group’s revenue grew by 25.2 percent year-on-year to reach Euro 1.29 bn in the first half of 2022 primarily due higher fiber prices. earnings trend mainly reflects cost global energy and raw material markets which affected whole manufacturing industry. Energy materials logistics costs rose sharply once again reporting period after pressure had already risen steadily throughout 2021 financial year. As a consequence before interest tax depreciation amortization EBITDA decreased 13.3 188.9 mn. Net profit for periode 24.8 72.3 RBI: Raiffeisen Internationa Banks first-half net interest income NII 46% year over 2.20 strong customer loan growth rising rates. fee commission NFCI 73.3% 1.57 driven high client activity group s foreign currency business spot exchange business Russia
A slew of concerns such as the persistent rise in inflation, dwindling growth, uncertain geo-political scenario, highly volatile energy prices, and last but not least, the fear of an imminent global recession leaves the process of monetary policy decision-making an extremely delicate and complex affair.
“After all, this is the very purpose for which we had accumulated reserves when the capital inflows were strong. And, may I add, you buy an umbrella to use when it rains!