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How much should India prop up the rupee?

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Manage episode 342594813 series 3371721
Indhold leveret af TheHindu. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af TheHindu eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Last week, the rupee weakened against the dollar past the 81-mark to a record low. In recent months, the Reserve Bank of India (RBI) has been intervening in the forex market to smoothen the decline. With the RBI dipping into its kitty for this purpose, Indian foreign exchange reserves have fallen by about $94 billion in 12 months to about $545 billion until mid-September.

How much more forex can the RBI afford to use in reducing currency volatility? Does the benchmark interest rate, as a policy tool, have a role to play? Here we we discuss these questions.

Guests: Dharmakirti Joshi, Chief Economist, CRISIL Ltd; Lekha Chakraborty, Professor, NIPFP; and Member, Governing Board of Management of International Institute of Public Finance, Munich

Host: K. Bharat Kumar

  continue reading

175 episoder

Artwork
iconDel
 
Manage episode 342594813 series 3371721
Indhold leveret af TheHindu. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af TheHindu eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.

Last week, the rupee weakened against the dollar past the 81-mark to a record low. In recent months, the Reserve Bank of India (RBI) has been intervening in the forex market to smoothen the decline. With the RBI dipping into its kitty for this purpose, Indian foreign exchange reserves have fallen by about $94 billion in 12 months to about $545 billion until mid-September.

How much more forex can the RBI afford to use in reducing currency volatility? Does the benchmark interest rate, as a policy tool, have a role to play? Here we we discuss these questions.

Guests: Dharmakirti Joshi, Chief Economist, CRISIL Ltd; Lekha Chakraborty, Professor, NIPFP; and Member, Governing Board of Management of International Institute of Public Finance, Munich

Host: K. Bharat Kumar

  continue reading

175 episoder

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