Page 3 - இந்திரா காந்தி நிறுவனம் ஆஃப் வளர்ச்சி ஆராய்ச்சி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Indian central bank’s conventional as well as unconventional policy responses to support the economy through the pandemic failed to reduce the government’s borrowing costs by a lot, says a new study. Policy actions by the Reserve Bank of India have had only a modest impact on the ‘term premium’ –- an indicator of the market’s expectations of future interest rates, according to the research authored by Rajeswari Sengupta of the RBI-funded Indira Gandhi Institute of Development Research in Mumbai, and Harsh Vardhan of the SP Jain Institute of Management and Research. There were limits to which monetary policy alone could provide an economic stimulus during a crisis, they wrote in the ‘Ideas for India’ portal.

Harsh vardhanJayanthr varmaRajeswari senguptaSp jain institute of managementMonetary policy committeeIndira gandhi institute of development researchReserve bankIndira gandhi instituteDevelopment researchNarendra modi ledPolicy committeeReserve bank of indiaRbi ratesGovernment borrowingsIndian economyIndias central bank