Danish Siddiqui / Reuters
The Monetary Policy Committee has just finished its two-day meeting.
Hindustan Times via Getty Images
In two sentences announcing he will be stepping down as the governor of the Reserve Bank of India, Raghuram Rajan has made it clear he's being booted out. "While I was open to seeing these development...
Mint via Getty Images
The fifth monetary policy statement for the current financial year (2015-2016) was released by the Reserve Bank of India (RBI) earlier this week. In this statement the RBI points out that since the be...
NEW DELHI -- Ahead of the monetary policy review next week, RBI Governor Raghuram Rajan met Finance Minister Arun Jaitley to discuss issues related to the monetary policy. The RBI, which is set to ann...
Bloomberg via Getty Images
RBI governor Raghuram Rajan cut key lending rates by an unprecedented half-percentage point to stimulate the economy. Though analysts and the markets did expect the bank to slash rates, the quantum ha...
amlanmathur via Getty Images
There is very little to disagree about the desirability of transitioning from the current decision process to that of a Monetary Policy Committee, imparting as it does a greater diversity of views, specialised experience and independence of opinion. In addition, in line with the philosophy of FSLRC, process is at the centre of the change, and is one of the key reasons behind the formation of an MPC. The controversy which was generated related to the composition of the MPC's members.
The Reserve Bank of India (RBI) Governor Raghuram Rajan delivered his bimonthly monetary policy review this week, keeping the key lending rates of India's central bank unchanged. But the debate on the review this time was less over Governor Rajan's monetary policy and more over whether monetary policy should even be his job at all.