Chair
Michael Debabrata Patra

Editorial Committee
Deba Prasad Rath
Rajiv Ranjan
Sitikantha Pattanaik
G. P. Samanta
Pallavi Chavan
Snehal Herwadkar
S. Gangadaran

Editor
Shashidhar M. Lokare

The Reserve Bank of India Bulletin is issued monthly by the Department of Economic and Policy Research, Reserve Bank of India, under the direction of the Editorial Committee. The Central Board of the Bank is not responsible for interpretation and opinions expressed. In the case of signed articles, the responsibility is that of the author.

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