Cash is king: why we can't expect digital payments to dethrone paper money in India

New Delhi, Sept. 1 -- India's Unified Payments Interface (UPI) has completed 10 years of operations and has been a phenomenal success. It is now an integral part of our financial ecosystem and used by... Read More

Dovish views on inflation are abundant but the arguments being made are unconvincing

New Delhi, Aug. 17 -- One of the more complex concepts in economics is inflation, even though it simply refers to an increase in prices. When we say inflation has come down from, say, 6% to 2%, it mea... Read More

RBI policy: Why the pause may be setting up a future rate hike

New Delhi, Aug. 5 -- The decision taken in any policy is the repo rate, followed by the stance. Yet, there are several expectations as the narrative, though quite stylized, is open to interpretation b... Read More

Leveraged FCNR deposits are not risk-free-nor is the overall design of India's dollar-attracting scheme

New Delhi, July 15 -- Assume that a non-resident Indian (NRI) takes a 162 million yen loan at, say, 4% interest per annum and converts it to $1 million. This amount can then be put in a foreign curren... Read More

RBI's plan to attract foreign currency: how much of it could FCNR deposits really expect to lure?

New Delhi, June 11 -- India's foreign exchange position has not looked vulnerable lately. This found emphasis in the Reserve Bank of India's (RBI) monetary policy statement last week, which noted that... Read More