Target Descriptive 📝

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".

✺ Ꭻᴏɪɴ 🔥 ⃝➥ @TargetDescriptive

487 viewsedited 08:40

The RBI has cut India's economic growth forecast for 2022-23 to 7%, with the growth in the second half of the year expected to be slower than the first half.

Read here: http://livemint.com/market/mark-to-market/rbi-admits-it-will-miss-inflation-target-but-remains-overly-optimistic-on-growth-11664521260246.html

mint

RBI admits it will miss inflation target, but remains overly optimistic on growth

The RBI cut the economic growth forecast for 2022-23 to 7%, with the growth in the second half of the year expected to be slower than the first half

513 views08:49

Target Descriptive 📝

Forwarded from Target Descriptive 📝

✅NIACL AO Mains Descriptive Questions-2021

🫥Essay

✍ Discuss various challenges faced by students & teachers while switching from online to offline classes.

✍ Money saved is money earned and money managed is money multiplied discuss relevance of the sentence.

🫰Word limit 250

✅Letter

🫥A stationery godown in the market was completely gutted in fire . Write a letter to owner of the shop for inspection.

🫰Write a letter to your friend describing a place that you have visited recently.

🫰Letter to the editor of a local newspaper expressing your views regarding importance of blood donation.

✺ Ꭻᴏɪɴ 🔥 ⃝➥ @TargetDescriptive

618 views11:58