Tag Search: “monetary policy”
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...
- Rudrani Bhattacharya Abhijit Sen Gupta Narhari Rao
- 16 April, 2014
- Articles
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...
- Anubha Dhasmana
- 02 April, 2014
- Articles
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 ...
- Gurbachan Singh
- 31 January, 2014
- Articles
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...
- 13 January, 2014
- Articles
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...
- 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 ...
- 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...
- 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...
- Gurbachan Singh
- 08 November, 2013
- Articles
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...
- 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 ...
- Yin Cheung Rajeswari Sengupta
- 01 November, 2013
- Articles
Foreign investors under stress: Evidence from India
Emerging market policymakers are concerned about the effects of foreign portfolio flows on financial stability. This column focuses on the behaviour of investors in extreme events, allowing for the po...
- Ila Patnaik Ajay Shah Nirvikar Singh
- 19 July, 2013
- Articles
A right time for inflation-indexed bonds?
While the introduction of inflation-indexed bonds in India has been hailed by many as a step in the right direction, this column argues that their success will depend on how serious the government is ...
- Viral Acharya Gangadhar Darbha
- 07 June, 2013
- Perspectives