Annual inflation in the 19 countries sharing the euro increased to 2.1 percent in July, European statistics office Eurostat said on Friday, confirming the rate was above the European Central Bank’s (ECB) target.
RBI Governor Urjit Patel has asked financial services providers to focus on cyber security and reasonableness of customer charges.
The country's forex reserves have declined by USD 25.147 billion between April 13 and August 10, with the rupee on a downward spiral since the beginning of the year forcing the Reserve Bank to sell dollars to defend the local currency.
Most domestic corporates, barring a few, can withstand the ongoing rupee plunge as the share of their dollar-linked earnings largely balance the share of their greenback-denominated debt, says a report.
Kremlin spokesman Dmitry Peskov on Friday played down a sharp fall in the rouble, saying there was a “certain volatility” in the market but that Russia’s economic and financial systems were entirely stable.
Euro zone banks expect demand for corporate and household loans to increase further in the third quarter with credit standards also easing, the European Central Bank said in a quarterly survey of the bloc’s top banks.
Canada’s annual inflation rate accelerated to 3.0 percent in July from 2.5 percent in June as energy prices climbed, while one of the Bank of Canada’s preferred measures of core inflation also ticked higher, Statistics Canada said.
Japan’s central bank appears to be growing more comfortable with larger declines in the country’s stock prices, a sign it may have begun in the share market what analysts describe as “stealth tapering” of its massive monetary stimulus.
The aggregate fiscal deficit of the states is likely to moderate to 2.8 per cent of GDP, 20 bps higher than the budgeted target, on the back of the states likely achieving a zero revenue balance to GDP ratio in FY19, said a report.