Selected Tag: Anil Katia
Selected Tag: Anil Katia
Anil Katia

Anil Katia

Anil Katia is a former banker and policy analyst.

RBI’s FX Moves

RBI Takes Currency Defence into the Derivatives Book with a Reserve Rule

How the RBI’s forex risk reserve changes hedge pricing, why bank charges matter and what could happen if importers leave currency risks unhedged

Anil Katia

October 12, 2026 at 4:18 AM IST

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The Cost That Falls Either Way: How India Should Deploy Its Liquidity Surplus

India’s FCNR-driven liquidity surplus leaves the RBI deciding where sterilisation costs should fall, even as banks face growing incentives to move excess reserves into credit.

Anil Katia

October 1, 2026 at 9:16 AM IST

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UPI MDR: Who Benefits, and What Govt FAQ Doesn’t Answer

UPI’s MDR creates new revenue streams for banks and apps, but questions remain over governance, merchant bargaining power and fraud-victim protection

Anil Katia

Ganga Narayan Rath

September 17, 2026 at 5:06 AM IST

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UPI's MDR: Wrong Instrument at the Wrong Rate

UPI’s new MDR shifts payment costs to merchants, but its ad valorem design raises questions over pricing logic, small-business impact and cash incentives.

Anil Katia

Ganga Narayan Rath

September 16, 2026 at 11:42 AM IST

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The Bureau

Is the RBI Behind the Curve?
Video Thumbnail
In Search of the Lesser Florican
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Maneet Pal Singh