Tuesday, September 27, 2022

Massive currency market intervention may not impact monetary policy independence: Report

Forex market interventions during surges in capital flows to contain the INR volatility lead to an increase in money supply or M3, which however is found to be neither inflationary nor elicit a policy rate response by the RBI, finds a research paper published by the Reserve Bank of India .

from Economy-News-Economic Times https://ift.tt/AQVkhX7
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