The document provides an overview of India's currency policy and monetary framework from 1947 to 2017, highlighting key changes and strategies implemented by the Reserve Bank of India (RBI). It discusses the historical linkage of the rupee to GBP, the shift to a trade-weighted FX basket, and the introduction of a market-determined managed float in 1993. The RBI's shift to a consumer price inflation targeting approach in 2014 and the adoption of a 4% inflation target by the Finance Ministry in 2016 are noted. The document also covers FX policy, current account deficit issues, and foreign portfolio investment policies.
doj/DataSet10/EFTA01379385.pdf
{"title":"EM Currency Handbook 2018: Still Fuel in the Tank","key_people":["Urijit Patel"],"document_date":"2017-12-22","document_type":"tabular","key_locations":["India"],"document_subtype":"financial report","key_organizations":["Reserve Bank of India","Finance Ministry","Deutsche Bank Securities Inc."],"reference_numbers":["DB-SDNY-0076821","SDNY_GM_00223005","EFTA01379385"]}