Appreciation or depreciation of the domestic currency depends on the supply of foreign exchange reserves, liquidity conditions in the economy as determined by money supply, central bank's policy intentions and differences in the interest yield on dated securities of the concerned economies. The...

Inflation targeting requires appropriately defined price index - be it wholesale price index or consumer price index. For an open emerging economy like India, where inflation targeting may not be the sole objective of the monetary authority, interrelation among the measures of inflation,...

The objective of this research is to understand the relative significance of wholesale price index vis-a-vis consumer price index as an indicator of inflation for an open emerging economy like India. The scope of such analysis can be extended to test the efficacy of the current monetary policy...

Generally it is believed that the central monetary authority can, and should, exercise control over the exchange rate only in case of fixed/pegged exchange rate regime. However, such a regulation is essential even in an economy that has adopted floating exchange rate policy. This is because no...