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The Hindu
The Hindu
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Lekha Chakraborty, Harikrishnan S.

FORGOTTEN HISTORY: Dealing with the macroeconomic uncertainties - The Untold Story

Union Budget India RBI
  (Source: Getty Images/iStockphoto)

Macroeconomic uncertainties are mounting. Against the backdrop of possible interest rate hikes by the U.S. Federal Reserve and the taper tantrum, there is pressure on the Reserve Bank of India (RBI) to increase its interest rates to prevent capital outflows. The monetary policy corridor is still “accommodative” to support the growth recovery. Globally, central banks have started increasing the interest rates. However, we need to wait for the Monetary Policy Committee meeting in February 2022 to understand the RBI’s decisions regarding policy rates.

Inflationary pressures

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