Off-late, India’s managed to keep urban unemployment steady, while increasing its work force. Rural wage growth, however, is falling.
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The RBI does not cut repo rates yet again. But is its calculus starting to change? Or are the risks of a rate cut simply too big to ignore?
June is the second consecutive month where the economy has been sub-par. Is this just a blip? Or will policymakers have to step in?
If inflation rises, the RBI hikes interest rates. If it goes down, the RBI does nothing. Why? For that, you need to know the RBI’s real job.
The RBI keeps its repo rate at 6.5% for the 8th time in a row. The Indian economy stutters in May. And more stories.
Inflation is inching downwards. The US Dollar is appreciating, but the Rupee – buoyed by heavy FPI inflows – stays resilient. And more.
With a strong economy and falling inflation, RBI keeps rates where they are. Automobiles don’t sell, services exports fall, but power generation stays robust. And more.
India’s earning a tidy bit of foreign exchange, as its capital account surplus trumps a falling current account deficit. An RBI MPC meeting has just begun. And February sees paltry tax collections.