The International Monetary Fund (IMF) recently reclassified India s exchange rate regime as stable instead of floating. However, the Reserve Bank of India (RBI) disputes this reclassification. The IMF claims that from December 2022 to October 2023, the RBI maintained exchange rate stability by intervening in the currency market, deviating from market-driven conditions as per its stated exchange-rate policy since March 1993.
The International Monetary Fund (IMF) recently reclassified India s exchange rate regime as stable instead of floating. However, the Reserve Bank of India (RBI) disputes this reclassification. The IMF claims that from December 2022 to October 2023, the RBI maintained exchange rate stability by intervening in the currency market, deviating from market-driven conditions as per its stated exchange-rate policy since March 1993.
Once the RBI feels comfortable that now the Fed will keep easing for a while, it will allow them to go easier. When that happens is a much tougher question.
The Bharatiya Janata Party (BJP) has appointed Princess Diya Kumari as the deputy Chief Minister of Rajasthan, a member of the former Jaipur royal family. Kumari was elected MLA from Vidyadhar Nagar constituency after defeating Congress Sitaram Agrawal with a margin of 71,368 votes. Dr Premchand Bairwa, a 54-year-old MLA from Dudu, won his seat in the 2023 Rajasthan Assembly Elections by defeating Congress candidate Babulal Nagar with a margin of 35,743 votes.
Diya Kumari, who was MP from Rajsamand, is a Rajput face in the party. She won Jaipur s Vidhyadhar Nagar constituency with a margin of 71,368 votes. The 51-year-old BJP leader became MLA for the first time in 2013 from Sawai Madhopur. In 2019 Lok Sabha polls, she was elected as MP. Diya Kumari is the daughter of erstwhile Jaipur Maharaja Sawai Bhawani Singh, who earned distinction in the Indo-Pakistan war of 1971 as a Lieutenant Colonel and Commanding Officer of the Para Commandos of the 10th Parachute Regiment.