rbi speech, 2006-05-11
As highlighted by our Finance Minister during the recent ADB annual meetings that apart from the impact on the real and external sectors, it is felt that the developments in the currency and capital market are intrinsically intertwined with the global imbalance and, therefore, in the eventuality of a disorderly correction, disruption in these markets in the form of large cross-currency volatility and sharp rise in interest rates are likely in the global economy.
Sentiment: neutral
Topic: mp_economic_activity