RBI’s Tight Rope Walk

RBI’s Tight Rope Walk

Given India’s dependence on oil imports and US recently over taking China as India’s largest trade partner, one can argue Indian currency has to almost operate in a fixed exchange rate regime with the dollar. With US inflation nearing 9% and measures to reduce money supply via rate hikes and quantitative tightening by the US Fed well-nigh certain a few looming questions present itself to the RBI.

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