India’s Balance of Payments: Time for a New Paradigm

Foreign capital solved yesterday's problem. It may now be standing in the way of tomorrow's growth.

Jayanth R. Varma

June 15, 2026 at 3:36 AM IST

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Monetary Policy

FX Firewall Buys the RBI Time

The rupee no longer needs rescuing through rates, but inflation may still require 50-75 bps of tightening in the months ahead.

Shailendra Jhingan

June 5, 2026 at 2:06 PM IST

linkedin.com/Poonam Gupta

Rupee Weakness Reflects Why India Needs To Look Beyond Consumption

Rupee weakness exposes India’s dependence on consumption-led growth, as energy imports, fading capital inflows and weak technology leverage deepen external vulnerabilities.

Yield Scribe

May 22, 2026 at 5:18 AM IST

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Goldilocks to Locking in Gold: Misread Signals, Austerity and Market Reactions

A weakening rupee, volatile capital flows and policy mixed signals are reviving questions over India’s external resilience amid a fresh oil-driven macro shock.

Smita Roy Trivedi

Abhiman Das

May 15, 2026 at 12:58 PM IST

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Gold, the Rupee and India’s External Sector Déjà Vu

As balance-of-payments pressures intensify and the rupee weakens, policymakers once again appear to be searching for the easiest pressure valve without paralysing the productive economy.

Arvind Mayaram

May 14, 2026 at 2:58 PM IST

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RBI Reframes Signals from Capital Flows

RBI messaging is split between cyclical optimism and structural detachment, reframing the way markets interpret FPI outflows amid stronger FDI and steady fundamentals.

BasisPoint Groupthink

April 14, 2026 at 8:12 AM IST

India's Funds Are Absorbing the FPI Exit but Not Owning It

India's mutual funds are winning an ownership battle that foreign investors are walking away from. The question is whether that advantage is being built, or just inherited.

Krishnadevan V

April 14, 2026 at 6:10 AM IST

Via WikiCommons

Why Using RBI’s Contingency Reserves Is No Longer Heresy

Given current conditions, there is scope for using contingency reserves, doing away with capital gains, and reducing the size of government borrowing to send signals to external capital waiting to see countries with stability and growth.

R. Gurumurthy

March 18, 2026 at 12:23 PM IST

India’s Retail Investing Boom Heads Toward Its First Stress Test

India’s SIP inflows dipped in February, yet the number of SIP accounts continued to rise. The real question is whether retail investors stay disciplined in the next market drawdown.

Krishnadevan V

March 11, 2026 at 9:46 AM IST

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India–US Trade Deal: Pragmatic Statecraft, Not Diplomatic Surrender

India’s US trade deal looks asymmetric on paper, but macro constraints, capital dependence and geopolitics made acceptance rational statecraft, not surrender.

R. Gurumurthy

February 11, 2026 at 3:02 AM IST

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What Is India’s IPO Boom Telling Us?

The IPO boom reflects domestic confidence, rising retail participation and improving market depth. But exuberance, mispricing and volatility warrant caution.

Michael Debabrata Patra

December 15, 2025 at 4:29 AM IST

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Monetary Policy

Why OMOs Matter in This MPC

In a cycle where the headlines flatter to deceive, the liquidity stance, even more than the repo rate action, will do the heavy lifting.

Madhavi Arora

December 1, 2025 at 9:26 AM IST

India Inc’s H2 Optimism Meets Relentless Data Headwinds

Analysts expect a sharp revival, but earnings, demand indicators and trade dynamics continue to signal caution in an economy still struggling for momentum.

Dhananjay Sinha

November 21, 2025 at 7:59 AM IST

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Interview

Tata Or Batata? Nilesh Shah Lays Out India’s Market Mindmap

From HFT to FDI, inflation myths to rupee truth, Nilesh Shah maps India’s market future—in metaphors only he can mint.

BasisPoint Insight

June 26, 2025 at 4:29 AM IST

AI Generated

FPIs Still Dance To Dollar’s Tune; Is India Merely A Fallback?

Foreign portfolio investors have returned to Indian equities, but their motivations raise questions. Is India really a priority, or just a hedge?

Manoj Rane

May 22, 2025 at 7:33 AM IST

India Is Losing Its FDI Edge—And That Should Worry Policymakers

Net foreign direct investment has plunged to a 17-year low. Repatriations and investments abroad are rising, and global rankings are slipping.

BasisPoint Insight

May 2, 2025 at 8:00 AM IST

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The Bureau

Equities End Flat as IT Rally Offsets Broad Weakness; Rupee Extends Recovery

Asian Markets Turn Cautious Ahead of Fed, Big Tech Earnings

Equities Rebound as Oil Slumps; Rupee, Bonds Rally on West Asia Relief

US Reduces Tariff on India to 10%, Replaces Section 122 Tariffs with Permanent Forced-Labour Duties

India Relaxes E-commerce FDI Rules, Marks First Step Towards Inventory-Based Model

OIS Curve Prices in Rate Hike by December on Persistent West Asia Worries

Why the Outgoing 15-Year Benchmark Gilt Is the Market’s Hottest Bond

Govt Blinks, Pradhan Resigns as Education Minister

The Foster Mother of Lodhi Garden