The Challenges of Defending the Rupee

The RBI’s FX intervention drains rupee liquidity over the short term. Sterilizing it with bond purchases and FX swaps has not been enough to offset the twin drains from higher import costs and portfolio outflows. This does not bode well for either the INR or domestic credit growth.

From Deployers To Architects – India’s AI Transition

India’s ambitions in artificial intelligence demand a decisive break from digital service provision toward sovereign technology creation. This shift rests on three non-negotiables: robust data infrastructure, sustained R&D investment, and institutions purpose-built to reward innovation.