RBI's inflation targeting policy helps improve external competitiveness as inflation differentials with trading partners narrow

In a study Real effective exchange rate (REER) or inflation adjusted effective exchange rate into nominal exchange rates (NEER) and average relative prices shows that inflation differentials (between India and its major trading partners) have remained broadly stable in recent years, according to a research paper published in the Reserve Bank of India's latest monthly bulletin.

from Economy-News-Economic Times https://ift.tt/39b9weu