Costs & benefits of RBI’s battle to defend the rupee Costs & benefits of RBI’s battle to defend the rupee As the US Federal Reserve fights decades-high inflation with higher interest rates, the rupee is depreciating against the dollar, prompting the Indian central bank to intervene in the forex mar...
What lies next for India’s shaky exports story What lies next for India’s shaky exports story India’s merchandise export growth in September turned negative for the first time since February 2021, as the energy crisis in Europe and the US weakened demand. The decline was stark in the case of engine...
Challenges before policymakers as trade gap widens Challenges before policymakers as trade gap widens India’s current account deficit widened in Q1 FY23 amid geopolitical uncertainties and drop in foreign investments. The April-September 2022 period shows a further expansion of merchandise goods tr...
Should RBI pay attention to IMF advice on forex? Should RBI pay attention to IMF advice on forex? The International Monetary Fund (IMF) recently asked central banks of emerging economies to use their dollar-denominated forex reserves prudently and allow the exchange rate to adjust. What has been th...