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Reuters reports that India's shadow banking sector is under strain after IL&FS defaulted on debt and stopped paying contractors, including on a Srinagar road tunnel project. The RBI has already raised its policy rate by 50 basis points to 6.50% this year and was expected to hike again to contain inflation from the sharp rupee fall.
A credit squeeze and further rate hikes could slow Indian economic growth and domestic demand for livestock products, weighing on feed demand, though the direct commodity price link is modest.
economictimes.indiatimes.comSep 27, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
