R. Gurumurthy

R. Gurumurthy

Gurumurthy, ex-central banker and a Wharton alum, managed the rupee and forex reserves, government debt and played a key role in drafting India's Financial Stability Reports.

Not All Coins Are Equal: India’s Deliberate March Toward Digital Money

India cautiously explores stablecoins and CBDCs, balancing innovation, programmability, and systemic stability in a rapidly digitalising financial world.

R. Gurumurthy

October 10, 2025 at 3:21 AM IST

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RBI

Provisioning for Appearances: RBI’s Half-Hearted Tryst with ECL  

Has the RBI truly embraced global best practices, or just adopted them for appearances? India’s half-hearted ECL rollout exposes a deeper discomfort with accountability.

R. Gurumurthy

October 6, 2025 at 4:37 AM IST

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Nobel Committee’s Trump Problem

Tragicomix

From peace talks to bleach cures, Trump’s legacy baffles the Nobel Committee: too vast for one medal, inspiring a new prize for sheer unintended innovation.

R. Gurumurthy

October 4, 2025 at 7:13 AM IST

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RBI’s Baby Steps on Rupee Globalisation: Useful Nudges, But…

Monetary Policy

Recent announcements set the stage for rupee globalisation, but true scale awaits deeper trade and market adoption.

R. Gurumurthy

October 2, 2025 at 10:34 AM IST

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Photo by Patrick Hendry on Unsplash

Labubu Syndrome: Anatomy of a Plush Pandemic

A pointy-eared gremlin-rabbit now rules wallets and timelines. Labubu is today’s tulip, yesterday’s Beanie Baby, and last year’s NFT—cute, scarce, and overpriced.

R. Gurumurthy

September 27, 2025 at 5:11 AM IST

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Via WikiCommons

Bitcoin Inside - Are We Smelling a Super-Prime Crisis?

Briefing

Strive’s $1.3 billion deal shows how Bitcoin inside corporate wrappers creates systemic risk

R. Gurumurthy

September 24, 2025 at 9:13 AM IST

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Istock/BlackJack3D

Plaza Accord at 40: A Time Capsule of Macroeconomic Diplomacy

Forty years after the Plaza Accord tamed an overvalued dollar, can Washington still bend currencies to its will in a multipolar, fast-moving financial world?

R. Gurumurthy

September 22, 2025 at 1:44 PM IST

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Trump, LTSE and the Fight to Slow Capitalism’s 90-Day Clock

From Trump’s six-month plan to LTSE’s bold rethink, the battle over quarterly earnings asks if markets can ever break free from short-termism.

R. Gurumurthy

September 16, 2025 at 9:01 AM IST

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istocks/krblokhin

India’s Bank Mergers: The Folly of Mistaking Size for Strength

Consolidation of India’s public banks offers scale without substance. Without governance reform and adjustments to their business models, they risk global irrelevance despite their domestic strength.

R. Gurumurthy

September 12, 2025 at 6:05 AM IST

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iStock.com/lakshmiprasad S

RBI Must Not Outsource the Craft of Supervision

Outsourcing bank supervision to consultants risks turning judgment into checklists. RBI should modernise without losing its supervisory wisdom.

R. Gurumurthy

September 4, 2025 at 12:50 PM IST

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When Fox News Discovers India, Caste and Democracy Over Morning Coffee

Fox pundits criticise India’s ties with Putin and Xi while invoking caste clichés. But democracy, like diplomacy, is far more complex than cable soundbites.

R. Gurumurthy

September 1, 2025 at 2:15 PM IST

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PMO

Throne of Thrones — A Love Letter to Japanese Toilets

Basis Life

From heated seats to the Otohime sound princess, Japan’s toilets offer restraint, comfort and dignity — everything politics does not.

R. Gurumurthy

August 31, 2025 at 4:02 PM IST

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Trump Tests the Guardrails of US Credibility

Trump’s firings of the BLS chief and a Fed governor mark more than theatrics. By purging referees, he risks the credibility of America’s economy.

R. Gurumurthy

August 26, 2025 at 10:08 AM IST

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Via WikiCommons

Powell’s Caution, CBO’s Fantasy and Illusions That Move Markets, Budgets

Powell’s cautious words and the CBO’s tariff arithmetic show how modern finance thrives on misreadings and manufactured optimism.

R. Gurumurthy

August 23, 2025 at 3:58 AM IST

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Central Banks Swipe Right on Gold, Left on the Dollar

India’s rising reserves mask a deeper truth, as the age of dollar monogamy gives way to messy multipolar dating games.

R. Gurumurthy

August 20, 2025 at 4:39 PM IST

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Buy Now, Cry Forever as India Turns Housing Into a Rigged Board Game

In India’s real estate Monopoly, the landlords always win, buyers lose, and sachet homes may be the only square left to land on.

R. Gurumurthy

August 19, 2025 at 11:05 AM IST

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The RBI’s Curious Attachment to a Benchmark That Hardly Trades

The RBI’s liquidity panel sticks with WACR as its policy anchor, even though the market it reflects is shrinking fast. Reform? Or regulatory nostalgia? 

R. Gurumurthy

August 8, 2025 at 6:43 AM IST

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Monetary Policy Day and the Rent-a-View Economy

When the repo rate stays still, pundits pirouette. On Policy Day, the spectacle isn’t the decision, but the scramble to sound profound.

R. Gurumurthy

August 6, 2025 at 12:06 PM IST

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AI Generated

Trump, Tariffs and the Timeless Tango of Greed

Trump’s tariffs reprise a centuries-old American habit — protectionism dressed as patriotism, ego wrapped as policy, and greed passing for strategy.

R. Gurumurthy

July 31, 2025 at 4:04 AM IST

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White House

The New Evolution: Now with Spine, Small Talk, and Super Sight

Basis Life

Lab-grown backbones, monkey-inspired manners, and surveillance-grade contact lenses. Is evolution getting outsourced to technology? 

R. Gurumurthy

July 25, 2025 at 7:59 AM IST

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The Bureau

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