Analysis: India RBI Signals Change in Reaction Function Amid Elev...

By Sophia Rodrigues

The Reserve Bank of India recently introduced a date-based forward guidance to signal a change in its reaction function in an environment of elevated inflation and to reiterate its accommodative policy stance.

RBI Keeps Policy Rates Unch as It Seeks Clarity on Inflation

By Sophia Rodrigues

The Reserve Bank of India left its key policy rates unchanged and maintained the accommodative stance, judging it is prudent to pause amid an uncertain inflation outlook.

At its bi-annual monetary policy mee...

RBI Likely to Ease MonPol Despite Risk of Inflation Target Failur...

By Sophia Rodrigues

Economists are divided over whether the Reserve Bank of India will lower policy rates later Thursday, but the likelihood of cuts may be more than even.

Policy rates refer to both the repo rate and the revers...

Reminiscing My $100B Moment as India’s Forex Reserves Touch $500B

By Sophia Rodrigues

Earlier this month, India joined an elite club, becoming the fifth country in the world to have foreign-exchange reserves of over half a trillion dollars.

The milestone was reached on June 5 but as per conve...

Reserve Bank of India Joins Global Peers To Calm Markets

By Sophia Rodrigues

The Reserve Bank of India is the latest central bank to issue a statement to calm financial markets as risks from coronavirus outbreak grow.

In a statement Tuesday, the RBI said it “is monitoring globa...

Analysis: Unconventional Policy When Inflation High? India’s RBI...

By Sophia Rodrigues

Central banks typically resort to Unconventional Monetary Policy Tools when inflation rate is low and policy rate is at the Effective Lower Bound.

But one central bank is using the so-called unconventional m...