We should probably have anticipated this holding pattern. Policy authorities have acted decisively with a series of pre-emptive moves to…
The larger issue was probably an attempt to stem a more insidious aspect of the liquidity problem: an erosion of…
To appreciate the extent to which the demise of a financial institution imperils the financial system as a whole, one…
The basic insight of this approach is to remove the opportunity cost to commercial banks of holding reserve balances by…
Mid-July marked the first anniversary of the credit turmoil born of subprime mortgages. But taking top billing with this crisis…
High crude prices, both directly through the fuel group and indirectly through chemicals inputs, transport costs, energy prices have been…
There has been considerable discussion on the merits of the RBI interventions in the currency markets, to halt a precipitate…
RBI has a difficult task in choosing which instruments to use to balance the short-term exigency of inflation control with…
The total fiscal deficit budgeted for 2008-09 is Rs 1,33,287 crores, in which the petroleum subsidy is Rs 2,884 crores…
Something does not square up, whichever way one slices the policy channels, about the link between interest rates, bank credit…
The unholy trinity of open economy macroeconomics is again back to torment the RBI. To deal with the surge in…
The third aspect of the RBI?s decision matrix is liquidity, in which the system is currently awash. Securities auctions and…
