Tag Search: “monetary policy”
Is the rupee fairly valued?
Is the rupee fairly valued, and should the RBI allow it to appreciate beyond its current rate? This column analyses new World Bank data and finds that the rupee is persistently undervalued by 30% or ...
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Martin Kessler
Arvind Subramanian
27 August, 2014
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Keys to successful reform in India
The new Indian government’s first budget - due to be unveiled this week – will be an important indicator of how forcefully the new PM intends to translate his mandate of putting India’s economy back ...
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Eswar Prasad
09 July, 2014
- Perspectives
Why food inflation has been high in India
The persistently high food inflation witnessed in India over the past few years has been a cause for concern. This column seeks to identify the major drivers of food inflation in India, and to evalua...
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Rudrani Bhattacharya
Abhijit Sen Gupta
Narhari Rao
16 April, 2014
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How exchange rate changes impact Indian manufacturing firms
After falling to its lifetime low of 68.85 against the dollar in August last year, the Rupee has now appreciated to breach the 60-per-dollar mark. This column explores the impact of currency movement...
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Anubha Dhasmana
02 April, 2014
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Inflation targeting in India: Right and wrong
An RBI-appointed Expert Committee has recommended targeting a 4% inflation rate, but allowing it to vary between 2% and 6%. This column takes a different position on the target and leeway. It argues ...
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Gurbachan Singh
31 January, 2014
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Changing dynamics of the Indian gold market
The demand for gold and its import have been on the rise in India, despite rising gold prices. The RBI has responded by introducing various measures to curb the demand for gold and gold loans. This co...
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Misha Sharma
13 January, 2014
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India's unique crisis - a short term fix
While the current turbulence in the Indian economy bears a resemblance to the situation of other emerging economies, it is unique when compared with historical experiences of economic crises. In thei...
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Devesh Kapur
Arvind Subramanian
20 December, 2013
- Perspectives
India's unique crisis
While the current turbulence in the Indian economy bears a resemblance to the situation of other emerging economies, it is unique when compared with historical experiences of economic crises. In the ...
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Devesh Kapur
Arvind Subramanian
16 December, 2013
- Perspectives
The Reserve Bank's mission impossible?
India’s current inflation is unprecedentedly high – not in absolute terms but relative to the rest of the world. This article discusses the role of inflation in the recent currency crisis, and argues...
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Arvind Subramanian
29 November, 2013
- Perspectives
What is mitigating a financial crisis in India?
The recent turmoil in the currency market and the general slowdown in growth in India are disturbing. However, India has by and large performed better in terms of macro-financial stability as compared...
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Gurbachan Singh
08 November, 2013
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What saved the rupee?
This article analyses the dramatic fall of the rupee between May and August this year, and its recovery thereafter. It asserts that it was primarily external factors and an unconventional interventio...
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Arvind Subramanian
06 November, 2013
- Perspectives
Exchange rate movements and Indian firms' exports
Understanding the effects of exchange-rate changes on a country’s trade balance calls for an analysis of how exchange-rate fluctuations affect the decisions of individual firms. This column explores ...
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Yin Cheung
Rajeswari Sengupta
01 November, 2013
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