Monday, July 8, 2013

Three reports, one theme

Three reports of the Reserve Bank of India (RBI), all released on June 27, address the key issue of external sector weakness and the threat it poses to macro-economic stability. The Financial Stability Report (June 2013), India’s External Debt (end-March 2013) and the Developments in India’s Balance of Payments (BoP) during the Fourth Quarter (January-March 2013) assume an even greater significance than what they normally have, as purveyors of important statistics and opinions from the central bank.......

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