rupee

Risks of imported energy get real

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If energy prices remain this high for a year, they could shave 3 per cent off India’s GDP, weaken the currency Neelkanth Mishra | Last Updated at March 7, 2022 21:50 IST This appeared in the Business Standard on March 8, 2022 (link). We ended the Tessellatum last November, The Energy Headwind, with a hope … Read more

Handling the dollar deluge

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Diverging fiscal responses to the crisis can create serious macroeconomic challenges for countries globallyNeelkanth Mishra | Last Updated at August 5, 2020 01:42 IST (This was published in the Business Standard: link) The Reserve Bank of India’s (RBI’s) balance sheet size has grown sharply to 27 per cent of gross domestic product (GDP) in early … Read more

Opening a window

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Budget takes a calculated risk to fund part of borrowings through foreign currency bondsWritten by Neelkanth Mishra | Updated: July 8, 2019 12:12:20 am (This was published in the Indian Express: link) The government has chosen to retain the fiscal deficit target presented in the interim budget, continuing its commitment to the path of fiscal … Read more

India’s Dutch disease?

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With volatility in global currency markets up again, debate on rupee’s correct value has restartedWritten by Neelkanth Mishra | Updated: June 18, 2018 12:43:57 am (This was published in the Indian Express: link) “Are foreign capital inflows India’s ‘Dutch disease’?” An astute observer of the Indian economy asked me this question a few months back. … Read more