Dr. Sachchidanand Shukla is Group Chief Economist at Larsen and Toubro.
While the 25bps rate hike was widely expected, the change in stance to ‘calibrated tightening’ has taken everyone by surprise
Sachchidanand Shukla
October 7, 2026 at 9:00 AM IST
The RBI’s overseas funding window could steady the rupee today, but its real test lies years ahead, when swaps unwind and redemption risks come due.
July 20, 2026 at 4:12 AM IST
istock.com
RBI should hold rates and use communication, liquidity tools and FX operations to manage oil-led inflation and rupee volatility without adding pressure on growth and new credit risks.
June 1, 2026 at 10:39 AM IST