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Das: Protectionism, tariffs among major challenges
Business Standard
|November 27, 2024
Says India well-placed to deal with any spillover effects of global shocks
A mid-looming trade war in Donald Trump's second term as President of the United States, the Reserve Bank of India (RBI) is confident in being able to handle the blowback from global shocks emanating from such policies.
In an interview with the Financial Times, RBI Governor Shaktikanta Das termed "protectionism" and "tariffs" the biggest challenges, and said India was well placed to deal with any spillover from external sources.
"These are issues on which we have no control," he said.
Foreign investors have been pulling out of debt and equity markets since Trump won the presidential elections earlier this month. This has put pressure on the rupee, which hit a new low of 84.50 a dollar last week.
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