

Former RBI Governor Subbarao advocates for including "exchange rate stability" in India's inflation targeting framework for effective monetary policy.

India’s Reserve Bank and government have been pushed by the Gulf war into no-win situations on multiple fronts. Inflation, growth, exchange rate, budget allocations and other variables have all been unsettled. Can a grand rebalance be attained?

The rupee closing figure on the CCIL website on Friday was inaccurate after a late deal that fell through was not factored in, leading to an inflated figure.