MKV's 360 Degrees | 'Big Worry Over FDI, BoP & Rupee Value'

Name: MKVs 360 Degrees | Big Worry Over FDI, BoP & Rupee Value - The Wire
Uploaded: 2026-06-01T12:15:35+05:30
Channel: The Wire
Description: Eminent economist Ajit Ranade says it is perverse for the Reserve Bank of India (RBI) to convert a weakening rupee into a fiscal bonanza for the Centre.

Eminent economist Ajit Ranade says it is perverse for the Reserve Bank of India (RBI) to convert a weakening rupee into a fiscal bonanza for the Centre.

M.K. Venu

Eminent economist Ajit Ranade says it is perverse for the Reserve Bank of India (RBI) to convert a weakening rupee into a fiscal bonanza for the Centre.

In this latest episode of MKV’s 360 Degrees, eminent economist and former vice chancellor of Gokhale Institute of Politics and Economics Ajit Ranade speaks with The Wire’s founding editor M.K. Venu about the state the Indian economy. Ranade says it is perverse for the Reserve Bank of India (RBI) to convert a weakening rupee into a fiscal bonanza for the Centre. This is not sustainable as RBI's dividend transfer from a falling rupee is now 8% of the Centre's revenue.

This article went live on June first, two thousand twenty six, at fifteen minutes past twelve at noon.

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