Ajit Ranade: RBI’s increasing fiscal support deserves a closer look
[ad_1] 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, this responsibility was codified as a specific inflation mandate. It is called ‘flexible inflation targeting,’ since the target is not a number, but…