BoP

The accidents have started

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The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen placesNeelkanth Mishra | Last Updated at March 13, 2023 22:54 IST This appeared in the Business Standard on March 14, 2023 (link). Over the past several months, as interest-rate expectations have risen rapidly, we have … Read more

Capital inflows: The perils of a bad neighbourhood

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India’s strong medium-term growth outlook may not suffice for foreign capital to flow, as existing channels that bring global savings to India face turbulence Neelkanth MishraLast Updated at October 3, 2022 22:14 IST This appeared in the Business Standard on October 4, 2022 (link). “Why will global savings not flow to India if India has … Read more

Can forex reserves plug India’s dollar shortage?

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RBI may target 3-4% depreciation per quarter till trade deficit, at a record high, remains a problem Neelkanth Mishra | Jul 4, 2022. This appeared in the Times of India on July 5, 2022 (link). With oil prices up, a record trade deficit of US$70.25bn in the April-June quarter, rupee sliding and GoI taking some … Read more