The FCNR(B) scheme may have cost the RBI, but it also eased liquidity and funding pressures, supported the rupee and attracted dollar inflows.
Gaura Sen Gupta
Jackson Hole gave markets a firmer inflation standard and raised hike odds, but Warsh’s quieter Fed still leaves its reaction function under-specified.
BasisPoint Insight
US Fed
The RBI has rebuilt its currency-defence capacity, but costly debt-funded reserves cannot substitute for exports, investment and durable capital.
Dhananjay Sinha
Bank supervision cannot ease in good times, because calm conditions can conceal risks, leverage and complacency behind the next financial crisis.
Rabi N. Mishra
iStock.com
Michael Patra explains how the RBI manages liquidity, from sterilisation and CRR operations to forecasting and the LAF corridor’s role in transmission.
Michael Debabrata Patra
Are regulation, rising complexity and weak succession pipelines shrinking banking’s leadership pool?
R. Gurumurthy
After only a few months in office, the chair of the US Federal Reserve has left market participants disoriented and confused. His first address to the annual monetary-policy symposium in Jackson Hole is an opportunity to set things aright—or to make matters even worse.
Marco Buti
Marcello Messori
The RBI’s proposed ban on revolving credit by NBFCs may curb hidden risks, but could also constrain credit access for underserved borrowers.
K. Srinivasa Rao
AI can strengthen risk management, but common models, opaque vendors, and automated herding may turn operational gains into systemic fragility.
From currency and inflation to AI, jobs and corporate succession, the real question is not what we plan, but whether ambition survives contact with reality.
Phynix
Inflation, surplus liquidity, rupee weakness, and crude oil now point towards higher rates. Bond markets should trust the data, not RBI guidance.
Yield Scribe
istock.com
RBI’s abrupt FCNR(B) closure could cap liquidity and reserve gains, while exposing why record inflows have failed to strengthen the Indian rupee.
Apoorva Javadekar
A decade after young Indians embraced the ballot, repeated parliamentary paralysis risks turning political hope into deep and lasting cynicism.
Rakesh Khar
PIB
Benign US CPI and PPI cooled September hike bets, but sticky pipeline inflation and hawkish holds elsewhere keep tightening alive.
Wikimedia Commons
Inflation tests, closing auction volatility, household balance sheets under pressure, AI reshaping banking, and the growing opacity of infrastructure data—India's economic machinery is running, but the dashboard is getting harder to read.
Michael Patra explains the plumbing of monetary policy, tracing how RBI liquidity management transmits the MPC’s repo rate through banks and money markets.
Ethanol blending has replaced over 31 million metric tonnes of crude since 2014-15, saving Rs 1.9 trillion in foreign exchange and shrinking a strategic vulnerability while building a new rural income stream. At a time when energy security is a matter of national urgency, ethanol has become India’s most exportable idea.
Nilanjan Banik
Vivek Kaul is a writer and an economic commentator.
Michael Patra is an economist and former RBI Deputy Governor.
Abheek is an Independent Economist and the Former Chief Economist at HDFC Bank.
Ajay Srivastava is the founder of the Global Trade Research Initiative.
Vijay Singh Chauhan, a former IRS official, is a Senior Visiting Fellow at ICPP, Ashoka University
Dhananjay, a D-School alum, is CEO and Co-Head of Equities at Systematix Group.
Kriti is a psychologist specialising in mental health, org behaviour, and brand strategy
Srinath is an author, corporate advisor, and independent director on corporate boards.
Ex-civil servant Chavaly held key Railways, Finance roles; specialises in infra & PPPs
Nilanjan Banik, Professor at Mahindra University, specialises in trade and development economics.
Rahul Ghosh is a banking and risk expert.
Rajesh Mahapatra is the former Editor of The Press Trust of India
Krishnadevan is Editorial Director at BasisPoint Insight.
Chandra advises companies on big-picture narratives on strategy and markets.
Kalyan Ram co-founded Cogencis. He now leads BasisPoint Insight.
Gurumurthy is an ex-central banker who handled markets, and later, financial stability for RBI.
Arvind Mayaram, former Finance Secretary, is Chairman of the Institute of Development Studies, Jaipur.