Both Patel and Das, to be sure, had assumed office only after the RBI adopted flexible inflation targeting with a midpoint goal as its formal monetary policy objective. Raghuram Rajan, who preceded Patel, had raised rates in his first policy action after taking over as he had to deal with a weak external sector and drying capital inflows, among others.
Stablecoins fuel liquidity, not yet money: Mike Dolan
The U.S. “Genius Act” has legitimized stablecoins, fueling debate on whether their $250B market will stabilize Treasuries or trigger systemic risks. Proponents see demand support,
August 16, 2025