Logo

Central Bank

Rupee Reality

For decades, India has treated the rupee less as an economic instrument and more as a symbol of national prestige.

Currency Control

When a central bank moves to shut down parts of a $100-billion-plus daily market, it is not merely regulating ~ it is signaling distress.

Balancing Growth

The Reserve Bank of India’s latest policy decision marks a subtle but important shift in the country’s economic management.

Liquidity Disconnect

The Reserve Bank of India has recently flagged a troubling trend ~ rising asymmetries in the shortterm money market rates that threaten the effectiveness of monetary policy transmission.