You are here

Asian central banks ready to act against market volatility

RBI chief, for example, signals willingness to prop up the rupee while Seoul talks about need to calm markets

Mr Rajan is confident investments will start flowing to India once market volatility settles down

Hong Kong

ASIAN central banks from India to South Korea said they're ready to offset market volatility that has swept the region and sent stocks and currencies sharply lower.

The comments came as all major Asian markets dropped on Monday, with share prices falling the most since