Options for monetary policy arising from interactions between it and Indian foreign exchange (FX) markets. A brief survey covers recent rapid changes providing a snapshot of current microstructure, and of monetary policy institutions. The survey brings out the growing links between money and FX...

Notwithstanding India’s impressive economic performance in the post-reform period, it is widely believed that there has not been adequate trickle down of benefits to rural India. Acknowledging the limitations of the conventional market forces for economic uplifting of the disadvantaged...

The recent episode of accelerating prices in India has created a widespread debate in the policy circles and in the media reasoning out possible causal factors and prescribing a variety of remedies. One such issue is pertaining to engineering exchange rate appreciation for yielding a nice dent...