Indian rupee
RBI 'forfeiting monetary policy discretion' in bid to keep rupee in check
Governor Duvvuri Subbarao says India is caught in an 'impossible' trilemma, forcing the bank to maintain rates in spite of sluggish growth and ebbing inflation
Reserve Bank of India currency measures may have limited impact on rupee
Moves to halt falling rupee may have unintended consequences, according to rating agencies; volatility is expected to continue
RBI targeting 'greater internationalisation' of rupee
Reserve Bank of India executive director Padmanabhan says currency is a ‘natural candidate’ for internationalisation; aims for ‘careful and gradual’ progress
India holds rates as growth expectation falls
Reserve Bank of India releases First Quarter Review of Monetary Policy 2012–13; holds rates, lowers growth prediction and raises inflation projection
Bhutanese central bank warns of external imbalances
Royal Monetary Authority of Bhutan monetary policy statement outlines threats to currency peg; says long-run solution requires strengthening of macroeconomic fundamentals
RBI paper analyses exchange rate volatility transmission
Working paper assesses spillover of exchange rate volatility from international currencies to Indian rupee; finds volatility is dependent on foreign exchange rates and domestic policies
RBI deputy governor emphasises role of state regulators in forex markets
H R Khan says market participants must work with supervisors and regulators rather than pursue self regulation
RBI cuts reserve ratio to improve lending conditions
Reserve Bank of India reduces cash reserve ratio for banks by 75bp; move injects 480 billion rupees into banking system
RBI’s Gokarn warns against rising food inflation
Reserve Bank of India deputy governor Subir Gokarn calls for reforms in infrastructure and technology to ease inflationary risks in the future
RBI: India’s reforms strengthened purchasing power parity
Reserve Bank of India paper says 1990s liberalisation policies helped stabilise purchasing power parity
RBI’s income plummets on low returns
Reserve Bank of India’s Annual Report shows income in past fiscal year dropped as rates of return fell worldwide; central bank expects temporarily weakened output path
RBI moots new bank licences to increase competition
Reserve Bank of India says it may issue new bank licences; higher capital requirements are expected
India approves new currency symbol
Indian government picks symbol for rupee after nationwide contest; says country’s growth and arrival on the international economic stage merit symbol