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India follows the Neo-Liberal Monetary Norms: Contracting
the space for financial inclusion in her economy*
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Jul 7th 2023, Sunanda Sen and
Zico Dasgupta
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Apprehensions
by India and other countries of possible excesses in
capital inflows and the inflationary impacts led them
stiffen the domestic interest rates. The Fed, however
has reversed its policy to meet domestic inflation by
pitching the US Fed interest rate high.
*
This article was originally published in Monetary
Policy Institute Blog on June 4, 2023.
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