{"id":440419,"date":"2021-10-06T08:32:49","date_gmt":"2021-10-06T03:02:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=440419"},"modified":"2021-10-06T08:53:08","modified_gmt":"2021-10-06T03:23:08","slug":"rbi-mpc-meets-as-energy-crisis-raises-concerns-about-economic-recovery","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rbi-mpc-meets-as-energy-crisis-raises-concerns-about-economic-recovery\/","title":{"rendered":"RBI MPC meets as energy crisis raises concerns about economic recovery"},"content":{"rendered":"<p>Higher oil prices and coal shortages risk fanning inflation and slowing economic growth in India ahead of a central bank meeting, while punishing the nation\u2019s currency and bonds. <\/p>\n<p>A lack of coal means factories could shut, while forcing India to import more fossil fuels at a time when crude prices at a seven-year high are already weighing on the energy hungry nation. The threat of inflation and worsening external deficit have led to a 12 basis-point surge in the nation\u2019s benchmark bond yields over the past two weeks and a decline in the rupee.<\/p>\n<p>\u201cThis is a negative economic shock, since it will result in higher inflation, lower growth and potentially wider twin deficits,\u201d said Sonal Varma, chief economist for India and Asia, ex-Japan, at Nomura Holdings Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Higher oil prices and coal shortages risk fanning inflation and slowing economic growth in India ahead of a central bank meeting, while punishing the nation\u2019s currency and bonds. A lack of coal means factories could shut, while forcing India to import more fossil fuels at a time when crude prices at a seven-year high are already weighing on the energy hungry nation. The threat of inflation and worsening external deficit have led to a 12 basis-point surge in the nation\u2019s benchmark bond yields over the past two weeks and a decline in the rupee. \u201cThis is a negative economic shock, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-440419","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/440419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=440419"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/440419\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=440419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=440419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=440419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}