With inflation pressures building, the Reserve Bank of India takes the first step toward...

|By:, SA News Editor

With inflation pressures building, the Reserve Bank of India takes the first step toward withdrawing its record fiscal stimulus, ordering lenders to keep 25% of their cash in government bonds, up from 24%. "We will start to see G-20 economies exiting now, starting with the emerging ones and then the advanced countries," economist Mridul Saggar said. (ETF: INP)