rbi statement, 2022-06-08
The empirical results indicate that there is a 5 per cent chance of portfolio outflows from India of the order of 3.2 per cent of GDP in response to (i) a COVID-type contraction in real GDP growth, or (ii) a GFC type decline in interest rate differentials vis-à-vis the US, or (iii) a GFC type surge in the VIX.
Sentiment: neutral
Topic: mp_credit