The monetary policy amid a major shock like the second wave of Covid-19 can afford to look through some inflationary impulses to support economic growth. Read more »
Revival in economic activity, consumer confidence will see GDP growth recovering faster in second quarter of FY22 than anticipated by forecasts. Read more »
In a major departure, the RBI has committed its balance sheet to monetary policy in the April 2021 MPC meeting. Read more »
RBI’s proposed Rs 1 trillion government securities acquisition programme will provide certainty to bond market participants, reduce term premiums. Read more »
The RBI needs to do a fine balancing act between withdrawing the ultra-accommodative monetary policy and ensuring the smooth completion of the government’s borrowing programme. Read more »
A combination of high inflation and low interest rates has given rise to negative real rates for savers which is not a welcome phenomenon. Read more »
NBFC offer loans to MSMEs and individuals for 24-48 months. They need funds for a similar period in order to maintain a healthy asset-liability match. Read more »
Tweaking of weights in inflation indices makes sense, given the policy objectives of RBI policy – price stability and economic growth. Read more »
The study captures the impact of monetary policy changes on the real effective exchange rate, market rate on 10-year govt bonds and the NSE stock index. Read more »
In the transition from lockdown to normalcy, there will be logistics problems, supply chain disruptions and market fragmentation that need to be tackled. Read more »