Rajan is unlikely to be a Volcker right now. The policy press conference has this statement: I do not want to say inflation targeting because once you say the ...
Rajan has , in his first “real” policy, increased the repo rate by 0.25% to 7.75% and cut the MSF rate by 0.25% to 8.75%. Reverse repo goes to 6.75%. Note: ...
The Macroeconomic Policy for Q3 will be tomorrow, but before that we have a statement by the RBI, which has interesting ramifications for what will happen ...
(I wrote this for Pragati, in August 2013) Freedom is a wonderful thing. In 1947, we got freedom of one type, in the very month this article is published. Yet, ...
In a speech at Harvard Business School, RBI governor Raghuram Rajan tells us a story: In part, India’s slowdown paradoxically reflects the substantial fiscal ...
It is ironic that while the RBI is unhappy with merchants who charge for debit card payments, the largest Government-owned life-insurer has additional charges ...
Bloomberg has an interesting visualization of what oil costs in various countries, and India’s been among the top in terms of number of days wages it will ...
The Index of Industrial Production (IIP) data for August 2013 shows a sudden drop from July’s big number down to +0.6%. The numbers better start improving ...
It turns out – and we only know two months later – that RBI has been selling dollars big time. $6.77 billion dollars have been sold, with more than ...
Why are people cursing Rajan for raising rates? Credit growth is back to 18%+ as of September 6, and credit growth of that rate means one of two things: Banks ...
