Monetary Policy
Need deep reset, no quick fix, say experts as rupee hits new lows
While the US-Iran conflict has intensified pressure on the rupee, experts said the currency’s weakness predates the war and reflects broader concerns over slowing capital inflows at a time when India’s current account deficit is expected to widen.
5 min read15 May 2026Mint Quick Edit | India’s inflation incline could put rate hikes back in RBI’s policy consideration set
India’s inflation may still be below the Reserve Bank of India’s 4% target, but is on an upward trajectory. Unless price pressures somehow ease, tighter monetary policy may only be a matter of time.
1 min read13 May 2026Kevin Warsh has more room to maneuver at the Fed than markets see
Warsh is on track to become chair of the Federal Reserve in May. He has ways to satisfy a president who wants rate cuts, and Fed officials, who don’t.
6 min read6 May 2026RBI signals potential shift to lower inflation target and narrower band if macro stability holds
Deputy governor Poonam Gupta suggests that a decade of robust growth and moderating prices may justify a stricter policy goal, even as global volatility keeps the 4% target in place through 2031.
2 min read5 May 2026Andy Mukherjee: A weakening rupee could end RBI’s efforts to keep credit cheap for borrowers
The Reserve Bank of India under Governor Sanjay Malhotra has managed to avoid raising rates for a while, but with pressure from forex markets mounting, it may have to tighten credit. The central bank may face bigger problems later if it puts off rate hikes for too long.
4 min read4 May 2026Powell won’t leave. The Fed won’t cut. Warsh will have to deal with both.
A divided committee, external political pressures, and an energy shock—Kevin Warsh is inheriting a Fed unlike any his predecessors faced.
4 min read30 Apr 2026Bank of Japan interest rate decision on Tuesday: Can BoJ hike short-term rates? How can it impact Indian stock market?
As the Bank of Japan prepares to announce its interest rate decision, the potential implications of the BoJ's policies amidst global tensions, particularly in West Asia, create uncertainty for investors.
4 min read27 Apr 2026The Reserve Bank of India’s Monetary Policy Committee marches in step with its global counterparts
Its decision to bide time is eminently sensible, given heightened geo-political uncertainty, despite the temporary reprieve from a 14-day cease-fire.
4 min read8 Apr 2026RBI expands term money market access to NBFCs, AIFs, and housing finance companies
RBI Governor Sanjay Malhotra announced measures to deepen the term money market, allowing non-bank participants to access it and increasing borrowing limits for primary dealers to enhance liquidity and market efficiency.
2 min read8 Apr 2026It’s hard to envy the MPC’s task—but under today’s uncertainty, holding rates steady is its best option
Amid an increasingly complex and uncertain macroeconomic scenario, India’s Monetary Policy Committee may be best served by waiting and watching until the haze over its growth-inflation trade-off lifts. The Gulf war is a whole new imponderable.
2 min read6 Apr 2026Wait for it…
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