#currency-crisis
Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisis
COLOMBO, May 26 : Sri Lanka's central bank stunned markets by raising its policy rate by an outsized 100 basis points on Tuesday, the biggest hike in four years, as policymakers scrambled to stem inflation and support a currency buckling under soaring energy …
The rupee confronts an external shock: for the optimal response, here’s what policymakers should do
The Indian currency is unlikely to stabilize till the West Asia war ends, so policymakers must prepare for worse if the conflict continues. The Centre and RBI will have to take decisions that they had hoped they wouldn’t have to. But enough is now known to ch…