As India has gained prominence in the global economy, its central bank, the Reserve Bank of India, has wisely increased the level of foreign exchange holdings. … READ MORE >
Reserve Bank of India
Morning market minute: The end of the Indian rupee’s effective dollar peg
With the rupee trading at or near all-time lows and the Reserve Bank of India’s real effective exchange rate at all-time lows, the 2022-2024 de-facto exchange rate peg maintained by the RBI has ended. … READ MORE >
Global financial market evolution, the carry trade and India’s economic ascent
Investors looking for solid fixed income returns are the rupee, as the source of a lucrative carry trade across the $7.5 trillion daily churn in global capital markets. … READ MORE >
Global central bank outlook: Reducing rates to bolster growth
With disinflation having taken hold around the world, it is time for central banks to reduce their restrictive policy rates to promote demand and growth. … READ MORE >