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Ajit Ranade: RBI's increasing fiscal support deserves a closer look

New Delhi, May 6 -- The Reserve Bank of India's (RBI) primary job is to protect the value of the rupee: i.e. domestic price stability. Since the 2016 pact between the central bank and the government, ... Read More


Ajit Ranade: India must diversify its exports of manufactured goods

New Delhi, April 21 -- Indian data on the export of goods is reported more promptly than of services. This is because customs declaration and port formalities capture the data in real-time and a ready... Read More


Ajit Ranade: The decline of trade orthodoxy and rise of anti-free-traders

New Delhi, April 7 -- Imagine two countries that trade with each other. Let's assume that country A has a permanent trade deficit with country B. Over a long period of time, say three or four decades,... Read More


Ajit Ranade: Hedge sovereign gold bonds but do not discontinue them

New Delhi, March 24 -- Sovereign Gold Bonds (SGBs) were introduced nine years ago. These were launched to give investors an opportunity to invest in the much-loved yellow metal in dematerialized form.... Read More


Ajit Ranade: India must formulate a strategy to boost agricultural exports

New Delhi, March 10 -- US President Donald Trump issued executive orders slapping high tariffs on imports from Canada, Mexico and China. For the rest, he has proposed a reciprocal tariff regime, pushi... Read More


Ajit Ranade: Much of today's gold buying frenzy reflects a move away from the dollar

New Delhi, Feb. 24 -- On India's Independence Day of 1971, US president Richard Nixon announced to the world that America was unhitching from the gold standard. This unilateral action spelt the end o... Read More


Ajit Ranade: Trump's policies offer India a pretext to reset import tariffs

New Delhi, Feb. 10 -- Let's take stock of India's external environment. Our pile of foreign exchange has dropped by nearly $80 billion or about 12% in five months. Much of this loss was because the Re... Read More