RBI Turns Hawkish as $133B Diaspora Deluge Floods Banks With Cash
A
r
e
c
o
r
d
$
1
3
3
b
i
l
l
i
o
n
i
n
f
l
o
w
f
r
o
m
t
h
e
I
n
d
i
a
n
d
i
a
s
p
o
r
a
h
a
s
l
e
f
t
b
a
n
k
s
f
l
u
s
h
w
i
t
h
c
a
s
h
,
p
u
s
h
i
n
g
t
h
e
R
e
s
e
r
v
e
B
a
n
k
o
f
I
n
d
i
a
t
o
w
a
r
d
a
m
o
r
e
h
a
w
k
i
s
h
m
o
n
e
t
a
r
y
s
t
a
n
c
e
,
a
c
c
o
r
d
i
n
g
t
o
a
B
l
o
o
m
b
e
r
g
r
e
p
o
r
t
.
O
v
e
r
n
i
g
h
t
r
a
t
e
s
h
a
v
e
s
l
i
p
p
e
d
b
e
l
o
w
t
h
e
R
B
I
‘
s
5
.
2
5
p
e
r
c
e
n
t
p
o
l
i
c
y
r
a
t
e
.
T
h
e
R
B
I
h
a
s
a
l
r
e
a
d
y
d
r
a
i
n
e
d
m
o
r
e
t
h
a
n
R
s
1
l
a
k
h
c
r
o
r
e
t
h
r
o
u
g
h
b
o
n
d
s
a
l
e
s
a
n
d
o
t
h
e
r
m
e
a
s
u
r
e
s
t
o
p
r
e
v
e
n
t
e
x
c
e
s
s
l
i
q
u
i
d
i
t
y
f
r
o
m
a
d
d
i
n
g
t
o
p
r
i
c
e
p
r
e
s
s
u
r
e
s
.
M
a
r
k
e
t
p
l
a
y
e
r
s
e
x
p
e
c
t
f
u
r
t
h
e
r
a
c
t
i
o
n
i
n
t
h
e
c
o
m
i
n
g
d
a
y
s
.
C
a
l
l
s
f
o
r
a
r
a
t
e
h
i
k
e
a
t
t
h
e
O
c
t
o
b
e
r
5
–
7
m
o
n
e
t
a
r
y
p
o
l
i
c
y
m
e
e
t
i
n
g
a
r
e
g
r
o
w
i
n
g
.
A
R
e
u
t
e
r
s
p
o
l
l
f
o
u
n
d
3
5
o
f
6
1
e
c
o
n
o
m
i
s
t
s
e
x
p
e
c
t
a
2
5
–
b
a
s
i
s
–
p
o
i
n
t
r
i
s
e
t
o
5
.
5
0
p
e
r
c
e
n
t
,
t
h
e
f
i
r
s
t
h
i
k
e
s
i
n
c
e
F
e
b
r
u
a
r
y
2
0
2
3
.
I
n
f
l
a
t
i
o
n
h
i
t
4
.
8
2
p
e
r
c
e
n
t
i
n
A
u
g
u
s
t
,
a
b
o
v
e
t
h
e
R
B
I
‘
s
4
p
e
r
c
e
n
t
t
a
r
g
e
t
f
o
r
a
t
h
i
r
d
s
t
r
a
i
g
h
t
m
o
n
t
h
.
J
P
M
o
r
g
a
n
‘
s
S
a
j
j
i
d
C
h
i
n
o
y
t
o
l
d
B
l
o
o
m
b
e
r
g
t
h
e
R
B
I
s
h
o
u
l
d
h
i
k
e
a
n
d
s
i
g
n
a
l
m
o
r
e
m
o
v
e
s
m
a
y
f
o
l
l
o
w
.
G
o
v
e
r
n
o
r
S
a
n
j
a
y
M
a
l
h
o
t
r
a
t
o
l
d
t
h
e
K
a
u
t
i
l
y
a
E
c
o
n
o
m
i
c
C
o
n
c
l
a
v
e
t
h
a
t
I
n
d
i
a
n
b
o
n
d
y
i
e
l
d
s
h
a
v
e
r
i
s
e
n
o
n
l
y
p
a
r
t
i
a
l
l
y
d
e
s
p
i
t
e
g
l
o
b
a
l
p
r
e
s
s
u
r
e
s
.
Sources: https://www.thehindubusinessline.com/economy/indias-133-billion-cash-deluge-puts-rbi-on-hawkish-path/article71531616.ece https://www.reuters.com/world/india/rbi-raise-interest-rates-550-october-inflation-broadens-2026-09-28/
Related stories
View all →
Sensex crashes 1,045 points as RBI hike, oil spook investors
Indian markets fell sharply on October 8. The Sensex dropped 1,045.46 points, or 1.44 per cent, to close at 71,593.24. The Nifty…
US Sanctions 17 ‘Shadow Fleet’ Vessels Over Iran Oil Trade
The US Treasury sanctioned 17 vessels it says are part of Iran's shadow fleet, moving millions of barrels of oil around the…
Oil Falls, Bitcoin Jumps as Trump Rules Out Pre-Election Iran Strike
Brent crude fell toward $103 and Bitcoin rebounded to $82,000 after Trump said the US would not attack Iran before the November…
Khabar 24h Editorial Desk — our explainers are prepared by the Khabar 24h editorial team using AI-assisted research tools, and every piece is reviewed by a human editor before publishing. We do not claim original reporting: our work is turning complex topics into simple, accurate summaries. Spotted an error? Write to contact@khabar24h.com — our corrections policy aims for same-day review.
More from this author →
Leave a Reply