announcement

Julian Callow, chief international economist at Barclays, highlights that India remains "very sensitive" to Fed action and that a Fed announcement is "critical" for the rupee and the Reserve Bank of India. more...

"It's difficult to see what Bernanke could say on Friday that hasn't already been said or done before. They could tinker around with reactivating a bond programme, but as we saw with QE2, which wasn't exactly a resounding success, it is not really so much a liquidity problem with the markets...