What is behind the argument between IMF and RBI over exchange rates? https://www.youtube.com/watch?v=i1bmD93EhIA
Dec 22, 2023 #Macrosutra The IMF has made several points in its latest report on India. The one on exchange rates has made the RBI and government protest, but other suggestions are useful. Economist Radhika Pandey . IMF classification change: Exchange Rate: Floating to Stabilised. RBI is intervening in the market..
IMF’s assertion that RBI over-regulated rupee is weak, but advice on better fiscal targets is useful https://theprint.in/macrosutra/imfs-assertion-that-rbi-over-regulated-rupee-is-weak-but-advice-on-better-fiscal-targets-is-useful/1896084/ RADHIKA PANDEY and UTSAV SAKSENA 22 December, 2023 Govt, RBI term IMF’s exchange rate re-classification as arbitrary. They also disagree with its assertion that India’s general govt debt-GDP ratio could exceed 100% of GDP in medium term. The IMF has flagged possible risks on banks’ balance-sheets from the sharp rise in personal and unsecured loans.