India, July 7 -- In an alternate monetary universe imagined by SBI Research, the colour of the necktie around the RBI governor's neck might speak louder than spreadsheets. In a recent report titled The Monetary Multiverse, SBI Research has published a playful exploration of whether the colour of the Reserve Bank of India (RBI) Governor's necktie can hint at upcoming monetary policy decisions.

"Imagine a world where interest rates aren't determined by models, mandates or macroeconomic indicators-but by midnight tweets, personal equations and possibly necktie colours," reads the opening sentence of the report, which then goes on to explore how certain words in the governor's speeches could indicate a policy shift, and how the colour of his...