It is perverse for RBI to convert a weakening rupee into a fiscal bonanza for the Centre. This is not sustainable as RBI's dividend transfer from a falling rupee is now 8% of the Centre's revenue.

It is perverse for RBI to convert a weakening rupee into a fiscal bonanza for the Centre. This is not sustainable as RBI's dividend transfer from a falling rupee is now 8% of the Centre's revenue.

"Big worry over FDI, BoP & Rupee value"

Former finance secretary Subhash Chandra Garg says Modi government's panic response will push the economy into an even bigger crises. The currency management must be done carefully and decisively.

Former finance secretary Subhash Chandra Garg says Modi government's panic response will push the economy into an even bigger crises. The currency management must be done carefully and decisively.

"Indian Economy Most Vulnerable In The World": Subhash Garg

The Wire's Founding Editor M.K. Venu talks political economy, trade, geopolitics and more with experts from across the world.

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The Wire's Founding Editor M.K. Venu talks political economy, trade, geopolitics and more with experts from across the world.

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