Bloomberg India’s central bank is expected to increase its policy rate by half a point for the third time in a row as the currency’s plunge to a record low this month complicates the battle against inflation. The Reserve Bank of India’s (RBI) six-member monetary policy committee will raise its repurchase rate by 50 basis points to 5.9%, according to …

Bloomberg Bank Indonesia seeks to reduce the country’s reliance on the US dollar, with plans to allow domestic transactions of non-deliverable forwards in other currencies and to strike more agreements on local currency settlement. The central bank could offer non-US dollar-denominated domestic NDFs next year, Edi Susianto, executive director for monetary management, said in interview on Thursday. The monetary authority …

Bloomberg Taiwan’s central bank won’t impose foreign-exchange controls, Governor Yang Chin-long said on Thursday as he attempted to clarify earlier remarks about how aggressive the monetary authority might become to ensure stability in financial markets. The central bank is capable of coping with capital outflows, Yang told lawmakers, acknowledging that foreign outflows are higher in 2022 than in previous years, …