Forex market interventions during surges in capital flows to contain the INR volatility lead to an increase in money supply or M3, which however is found to be neither inflationary nor elicit a policy rate response by the RBI, finds a research paper published by the Reserve Bank of India .
Crude at $120 poses multi-channel risk, but demand still resilient: Aurodeep Nandi
Rising Brent crude prices and a weakening rupee are raising concerns for India’s economy. Policy interventions, including controlled fuel prices and tax reductions, are currently