The RBI’s Newest Rupee May Not Behave Like the Old One

While existing policy frameworks are not built to handle CBDCs, the questions they raise on the singleness of money to central bank independence could define the future of public money.

Utsav Saksena

May 26, 2026 at 6:36 AM IST

istock.com

Bank Indonesia Has Chosen Currency Defence Over Comfort

The rupiah’s slide left Bank Indonesia with shrinking room for patience. The 50-bp hike is as much about credibility as inflation.

BasisPoint Groupthink

May 20, 2026 at 12:49 PM IST

Istock.com

Bank Indonesia Hikes Benchmark Rate by 50 bps Amid Currency Pressure

The central bank hiked interest rates by 50 bps as the rupiah weakened on concerns over tensions in West Asia.

BasisPoint Insight

May 20, 2026 at 9:07 AM IST

istock.com

Who Speaks for Markets Inside the RBI?

As supervision dominates RBI leadership, the central bank risks losing the market instincts needed for liquidity and transmission.

Banker Emeritus

May 7, 2026 at 10:24 AM IST

When Institutions Choose Rhetoric Over Reality, Markets Keep Score

History shows that confidence narratives cannot mask fragility. When rhetoric diverges from reality, markets punish with lost trust and slower recovery.

V Thiagarajan

May 4, 2026 at 5:27 AM IST

iStock.com

RBI’s Crowded Messaging Risks Diluting Policy Signal

Bundled announcements blur the RBI’s policy signal. A separate financial stability policy and a tighter, single-voice format could restore clarity.

R. Gurumurthy

April 13, 2026 at 4:46 AM IST

The Yen’s Regime Change from Monetary Tool to Fiscal Currency

Japan's yen transitions from interest-rate currency to fiscal barometer as central bank intermediation recedes and sovereign risk resurfaces

Chandrika Soyantar

January 19, 2026 at 11:10 AM IST

Istock.com

The 2026 Outlook Calls for Recalibration

For investors, the standard playbook will need to change. Riding a broad structural wave is no longer such an obvious and rewarding strategy. The 2026 outlook is likely to demand a more tactical, bottom-up approach.

Mohamed A. El-Erian

January 13, 2026 at 4:42 AM IST

Are Central Banks Enabling Unsustainable Government Deficits?

Recent developments suggest that the US Federal Reserve's bond purchases are no longer just a "monetary operation," but an essential component of the US government's fiscal financing. The sooner that the Fed and other similarly situated central banks recognise the trap they have created for themselves, the better.

Raghuram Rajan

January 12, 2026 at 1:50 PM IST

Via WikiCommons

Central Banking

The Basel Consensus Is Cracking

Diverging US and global views on bank supervision are testing Basel III’s future. With oversight easing in Washington, the world waits to see if prudence holds.

Howard Davies

November 28, 2025 at 12:36 PM IST

Wladyslaw/ Via Wikicommon

Central Bank of India to Raise Stake in Generali Central Insurance Units

BasisPoint Insight

November 7, 2025 at 5:56 AM IST

Briefing

Myth of Currency Debasement

Markets often mistake monetary flexibility for monetary decay. The greater risk lies in misreading cycles as signs of systemic erosion.

V Thiagarajan

October 12, 2025 at 4:16 PM IST

Briefing

Rupee on a Leash: RBI’s Dictated Depreciation Strategy

The rupee’s path is less about macro forces and more about RBI’s silent hand, steering it lower while guarding stability with tight control.

V Thiagarajan

September 14, 2025 at 6:33 AM IST

Eggheads, Not Cheerleaders

When institutional heads slip into boosterism, they stop being referees and start misleading the very investors they are meant to protect.

BasisPoint Groupthink

September 2, 2025 at 2:21 PM IST

iStock.com

Central Bank Of India June Quarter Net Jumps 33% As Provisions Drop

BasisPoint Insight

July 23, 2025 at 7:55 AM IST

FSIB Recommends Pandey, Kumar for Top PSU Bank Roles

BasisPoint Insight

June 3, 2025 at 3:26 AM IST

The Bureau