On June 13, the rupee fell below 78.29 to a dollar — a fresh all-time low. The INR78-level breach indicates more pain ahead. Better forex reserves and rising tax collections may provide a cushion. But all of this depends on when the global inflation momentum halts and the interest-rate cycle peaks. Central banks are in the thick of the action.
If we keep aside hard-hitting documentaries, central banks have rarely been shown as the villains in pop-culture stories. This ended when Netflix released Money Heist in December 2017. In a climactic scene of the show’s first season, Raquel Murillo, inspector-in-charge of negotiations with the robbers, finds out that her lover Sergio Marquina or the Professor, is in charge of the heist. The Professor argues that what he and his team is doing
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