What’s RBI’s Surplus?
The Reserve Bank of India rarely skips the convention. But this year has been different, because of demonetisation, a new set up for determining monetary policy. What’s in store? Every year the second Thursday of August is when the central bank tells the nation how much it transferred to the Government. Will it keep the practice this year? With the calculations on surplus due to demonetisation likely gone awry, it will be all the more interesting to see what RBI does.