RBI has bowed to political pressure from the prime minister following heightened tensions between the central bank and the government.

The initial success of flexible inflation targeting by RBI’s monetary policy committee is undoubtedly welcome, but the acid test lies ahead

India, like other countries, must shape up or slip into contagion and crisis.

The slide in the rupee is propelled by multiple factors

The Indian currency appears fairly valued if one looks at price levels on the one hand and average purchasing power parity income levels on the other

More than $75 billion of foreign savings will be needed to fund the estimated current account deficit for the fiscal year that will end in March 2019

There is a booming industry in petro price jokes. Videos and words from the past are haunting the BJP in 2018.

The journey from systemic somnolence to stated “concern” to panic depends on the velocity of volatility and the momentum of events. 

A week, it is said, is a long time in politics. So it is for the economy.

The need for India to allow the market to freely determine the value of the Rupee while focussing on its inflation-targeting monetary policy regime.