Former RBI Governor Subbarao Calls for Redesigning Inflation Targeting Framework
Revisiting Monetary Policy Priorities Former Reserve Bank of India (RBI) Governor Duvvuri Subbarao has argued that India’s current inflation targeting framework should have explicitly incorporated an ‘exchange rate stability’ clause to better navigate global economic volatility. Speaking at a recent industry event, Subbarao emphasized that while the existing framework has provided a necessary anchor for…