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Rupee and Inflation Targeting: A disconnect and a debate

Updated : October 08, 2018 06:29 AM IST

To reiterate its commitment, the RBI has changed its stance from “neutral” to “calibrated tightening”.
Would it have been better for the RBI to pursue its inflation targeting mandate but communicate it to the markets in a less purist and deliberately more vague fashion?
Or is it better if the RBI, despite its inflation targeting mandate, accepts financial stability as its core responsibility, simply because it is the only one with the understanding, the tools and the power?
Rupee and Inflation Targeting: A disconnect and a debate
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