India’s Inflation Blinders
Better late than never, thinks the Reserve Bank of India. The country’s central bank finally got aggressive in its fight against inflation this month, raising interest rates by half a percentage...
View ArticleShould the Fed save Europe from disaster?
Unless Germany agrees to the full mobilization of the European Central Bank very fast, the eurozone will spiral out of control. As The Economist put it, “The risk that the currency disintegrates within...
View ArticleBRICS: Their case against the U.S.
The U.S. stock market is testing a four-year high. Jobs are slowly coming back and Wall Streeters who had shrunken bonuses this year are hoping memories of the bad old days will be gone by fall. Four...
View ArticleThe rupee’s precipitous plunge
The rupee has seen a precipitous drop over the last year, down 7.5% from 55.9 to the dollar and now hovering over the 60 mark. Certainly the current decline was the immediate result of the US Federal...
View ArticleRBI and G20: Time to recalibrate?
Retrogressive as it may sound, the time might be right for the Reserve Bank of India (RBI) to reconsider some regulatory measures introduced in recent years, especially those launched in the wake of...
View ArticleDecoding RBI’s policy on foreign debt
The Reserve Bank of India (RBI) recently issued a curious circular to all banks in India. It barred Indian banks with overseas operations from lending foreign currency to Indian companies, or from...
View Article
