Digging Deeper - RBI's Annual Report for 2017-18

Last week, the Reserve Bank of India (RBI) released its annual report for fiscal year 2017-18. The report contained forecasts about the current financial year, updates on demonetisation and the state of the central bank’s finances. It also addressed issues like asset quality in the banking system, the value of the Indian rupee, and other macros with regard to India’s economy.

The one point that made headlines was obviously that demonetisation may well have been an exercise in futility. Let’s dig deeper into the heart of all that the central bank said in its annual report.