It’s too early to say if the central bank’s recent measures will offer relief any time soon
The Financial Stability Report (FSR, June 2022), released last month, had observed: “Across emerging and developing economies, debt distress is rising as external funding conditions turn austere, compounded by currency depreciation and drainage of reserves as investors shun them as an asset class and fly to the safe haven of the relentlessly strengthening the dollar”.
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First Published: Sun, July 17 2022. 18:25 ISTPrevious