✅Lt Gen Anil Chauhan the new CDS 🇮🇳🇮🇳

India’s retirement index stood at 44 on a scale of 0 to 100, indicating that Indians are lagging behind in retirement planning.

https://www.livemint.com/money/personal-finance/majority-indians-falling-behind-when-it-comes-to-retirement-planning-says-study-11664455237740.html

The RBI has hiked the repo rate by 50 basis points to 5.90%, the fourth straight increase in the current cycle, to tame sustained above-target retail inflation rate. Read here: https://www.livemint.com/news/india/rbi-monetary-policy-live-updates-rbi-governor-shaktikanta-das-credit-policy-repo-rate-11664502852346.html

Source: The Hindu

A very good article covering a lot of concepts. Let me clarify few important ones, rest you can find in my book.

1. The article says "There is a limit to the RBI continuously managing volatility because exchange rate management is not its mandate, but price stability through inflation containment is".

Let me clarify that, RBI does not manage exchange rate rather it manages the volatility in the exchange rate. Does not manage exchange rate means, RBI does not try to keep the exchange rate at any particular rate. For example if Rupee is depreciating very slowly in line with inflation and other macro-economic parameters and moved to Rs. 100 in next 2/3 years... then RBI may not intervene. But if on any particular day it becomes highly volatile and moves to Rs. 90 (in any direction) from present Rs. 80 then, RBI will intervene to contain the volatility.

As per RBI "The RBI's exchange rate policy focusses on ensuring orderly conditions in the foreign exchange market. For the purpose, it closely monitors the developments in the financial markets at home and abroad. When necessary, it intervenes in the market by buying or selling foreign currencies. The market operations are undertaken either directly or through public sector banks".

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