Monetary policy in India has moved towards an increasingly flexible exchange rate regime without any explicit framework … with negative supply shocks has kept inflation above the acceptable range of 5-5.5 percent for last five years in India. In … this paper we present a model for policy analysis for India that provides insights in the setting of an inflation targeting …

India embarked on reintegration with the world econ- omy in the early 1990s. At first, a certain limited open- ing took …

, India, suggest that the most effective mechanism through which monetary policy impacts inflation runs through the exchange …