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Analysing India’s Exchange Rate Regime

Author: Ila Patnaik and Rajeswari Sengupta Title: Analysing India’s Exchange Rate Regime Abstract: We analyse India’s exchange rate regime through the prism of exchange market pressure. We estimate the various regimes that India’s exchange rate has been through during the period from 2000 to 2020. We find four specific regimes of the Indian […]

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Measuring monetary policy shocks in India

Author: Aeimit Lakdawala and Rajeswari Sengupta Title: Measuring monetary policy shocks in India Abstract: We create new measures of monetary policy shocks for India using high-frequency derivatives data and study their transmission. These shocks capture two distinct dimensions of the Reserve Bank of India’s (RBI) monetary policy announcements. In addition […]

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