Uncertainty on US Federal Reserve's stance and actions can adversely impact demand in India: RBI paper
The paper said it used quarterly macro-financial data on the US and Indian economy to shed light on the effects of US monetary policy actions as well as monetary policy uncertainty on the domestic economy.
US' economic growth is largely expected to drop to 6 per cent or even lower in FY24. And the US Fed has been hiking interest rates to record levels in order to cool inflation.