Former RBI Governor questions feasibility of Trump's threat to impose 100% tariffs on BRICS countries moving from US dollar.
Subbarao also said even for BRICS, there are internal differences about bringing out an alternative to the US Dollar.
Elevated inflation makes a December rate cut unlikely, but there could be an explicit acknowledgement that growth needs support, too, Citi said.
India's GDP growth slowed to 5.4% in July-September FY25, below RBI's 7% projection. Corporate earnings for top Indian ...