According to reports, in order to calm the markets after the U.S. downgrade shook investors already encountered a global economic slowdown, India's central bank said it would ensure effective rupees and foreign currency liquidity.
Moreover, the statement just before the markets open for trading, not to alleviate the concerns and shares fall more than 3%, while the rupee weakened to its lowest level in five weeks, bond yields fell 3 weeks as investors sought "safe haven securities" of government.
The Reserve Bank of India, which has raised interest rates 11 times since mid-March 2010 to curb rising inflation, said the economy had improved resistance to weather the storm.
However, India's central bank, said: "While the risks of slower growth could have increased due to world events, are likely to have limited impact."
Meanwhile, shares in all of Asia is said to have plummeted on Monday, regardless of efforts by global authorities to drop in investor confidence, after S & P lowered the credit rating of EE. UU .. Therefore, India has been trying to contain high inflation forever, even if the economy shows signs of slowing.
Moreover, the statement just before the markets open for trading, not to alleviate the concerns and shares fall more than 3%, while the rupee weakened to its lowest level in five weeks, bond yields fell 3 weeks as investors sought "safe haven securities" of government.
The Reserve Bank of India, which has raised interest rates 11 times since mid-March 2010 to curb rising inflation, said the economy had improved resistance to weather the storm.
However, India's central bank, said: "While the risks of slower growth could have increased due to world events, are likely to have limited impact."
Meanwhile, shares in all of Asia is said to have plummeted on Monday, regardless of efforts by global authorities to drop in investor confidence, after S & P lowered the credit rating of EE. UU .. Therefore, India has been trying to contain high inflation forever, even if the economy shows signs of slowing.