| ABM | Agent-Based Model |
| ADB | Asian Development Bank |
| AEs | Advanced Economies |
| AIC | Akaike Information Criterion |
| AML | Anti-Money Laundering |
| ARCH | Autoregressive Conditional Heteroskedasticity |
| ARCH -LM | Autoregressive Conditional Heteroscedasticity-Lagrange Multiplier |
| ARDL | Autoregressive Distributed Lag |
| AREAER | Annual Report on Exchange Arrangements and Exchange Restrictions |
| ARMA | Autoregressive Moving Average |
| AQR | Asset Quality Review |
| BIS | Bank for International Settlements |
| BoE | Bank of England |
| BoJ | Bank of Japan |
| BoK | Bank of Korea |
| BoP | Balance of Payments |
| BPLR | Benchmark Prime Lending Rate |
| bps | Basis Points |
| BSP | Bangko Sentral ng Pilipinas |
| CABGDP | Current Account Balance to GDP Ratio |
| CAD | Current Account Deficit |
| CASA | Current Account and Savings Account |
| CBDC | Central Bank Digital Currency |
| CBLO | Collateralized Borrowing and Lending Obligations |
| CDs | Certificates of Deposit |
| CFMs | Capital Flow Management Measures |
| CFT | Combating the Financing of Terrorism |
| CiC | Currency in Circulation |
| CPI | Consumer Price Index |
| CPI-C | Consumer Price Index - Combined |
| CPI-IW | Consumer Price Index - Industrial Workers |
| CPs | Commercial Papers |
| CROMS | Clearcorp Repo Order Matching System |
| CRR | Cash Reserve Ratio |
| CRS | Constant Returns to Scale |
| CSO | Central Statistics Office |
| DEPR | Department of Economic and Policy Research |
| DFM | Dynamic Factor Model |
| DI | Diversity Index |
| DSGE | Dynamic Stochastic General Equilibrium |
| DSIM | Department of Statistics and Information Management |
| DW | Durbin-Watson |
| DXY | US Dollar Index |
| EC | Error Correction |
| ECB | European Central Bank |
| ECT | Error Correction Term |
| ELB | Extended Lower Bound |
| EMDEs | Emerging Market and Developing Economies |
| EMEs | Emerging Market Economies |
| ERM | Exchange Rate Mechanism |
| ERPT | Exchange Rate Pass Through |
| ERV | Exchange Rate Volatility |
| EWMA | Exponentially Weighted Moving Average |
| FAQs | Frequently Asked Questions |
| FBIL | Financial Benchmarks India Pvt. Ltd. |
| FDI | Foreign Direct Investment |
| FinTech | Financial Technology |
| FIT | Flexible Inflation Targeting |
| FMOLS | Fully Modified Ordinary Least Squares |
| FOMC | Federal Open Market Committee |
| FPAS | Forecasting and Policy Analysis System |
| FPI | Foreign Portfolio Investment |
| FRBM | Fiscal Responsibility and Budget Management |
| FSI | Financial Stress Index |
| GARCH | Generalised Autoregressive Conditional Heteroscedasticity |
| GDP | Gross domestic Product |
| GFC | Global Financial Crisis |
| GFD | Gross Fiscal Deficit |
| GMM | Generalized Method of Moments |
| GNPA | Gross Non-Performing Assets |
| GOI | Government of India |
| GSDP | Gross State Domestic Product |
| G-Secs | Government Securities |
| GSI | Global Spillover Index |
| GST | Goods and Services Tax |
| GVA | Gross Value Added |
| HFCs | Housing Finance Companies |
| HNIs | High Net-worth Individuals |
| HP | Hodrick-Prescott |
| HQC | Hannan-Quinn Criterion |
| I- GARCH | Integrated- Generalised Autoregressive Conditional Heteroscedasticity |
| IBA | Indian Banks’ Association |
| IBC | Insolvency and Bankruptcy Code |
| ICOR | Incremental Capital Output Ratio |
| IDG | Inter-Departmental Group |
| IE | Inflation Expectations |
| IESH | Inflation Expectations Survey of Households |
| IIP | Index of Industrial Production |
| IMF | International Monetary Fund |
| INR | Indian Rupee |
| IRF | Impulse Response Function |
| IT | Inflation Targeting |
| KLEMS | Capital, Labour, Energy, Materials and Services |
| LAF | Liquidity Adjustment Facility |
| LGD | Loss Given Default |
| LIBOR | London Inter-Bank Offered Rate |
| LPG | Liquefied Petroleum Gas |
| LPR | Lending Prime Rate |
| LSTR | Logistic Smooth Transition Regression |
| LTRO | Long-Term Repo Operations |
| MAE | Mean Absolute Error |
| MCI | Monetary Conditions Index |
| MCLR | Marginal Cost of Funds-based Lending Rate |
| MCMC | Markov Chain Monte Carlo |
| ME | Mean Errors |
| MEFS | Medium-Term Expenditure Framework Statement |
| MFs | Mutual Funds |
| MIFOR | Mumbai Interbank Forward Outright Rate |
| MM | Money Multiplier |
| MoSPI | Ministry of Statistics and Programme Implementation |
| MPC | Monetary Policy Committee |
| MPD | Monetary Policy Department |
| MPR | Monetary Policy Report |
| MPS | Monetary Policy Strategy |
| MSE | Micro and Small Enterprise |
| MSF | Marginal Standing Facility |
| MSME | Micro, Small and Medium Enterprise |
| MSPs | Minimum Support Prices |
| MSS | Market Stabilisation Scheme |
| MUCSV | Multivariate Unobserved Component Stochastic Volatility |
| NABARD | National Bank for Agriculture and Rural Development |
| NAV | Net Asset Value |
| NBFCs | Non-Banking Finance Companies |
| NDA | Net Domestic Assets |
| NDS | Negotiated Dealing System |
| NDTL | Net Demand and Time Liabilities |
| NEER | Nominal Effective Exchange Rate |
| NFA | Net Foreign Assets |
| NHB | National Housing Bank |
| NKPC | New Keynesian Phillips Curve |
| NLLS | Non-Linear Least Squares |
| NPAs | Non-Performing Assets |
| NSO | National Statistical Office |
| OECD | Organisation for Economic Co-operation and Development |
| OIS | Overnight Indexed Swap |
| OMOs | Open Market Operations |
| OTC | Over-the-Counter |
| PBC | People’s Bank of China |
| PCA | Prompt Corrective Action |
| PD | Probability of Default |
| PLR | Prime Lending Rate |
| POL | Petroleum, Oil and Lubricants |
| PR | Policy Rate |
| PSB | Public Sector Banks |
| PSE | Public Sector Enterprise |
| Q1 | First Quarter |
| Q2 | Second Quarter |
| Q3 | Third Quarter |
| Q4 | Fourth Quarter |
| QPM | Quarterly Projection Model |
| QQE | Quantitative and Qualitative Monetary Easing |
| RBI | Reserve Bank of India |
| REER | Real Effective Exchange Rate |
| RMSE | Root Mean Square Error |
| RPI | Retail Price Index |
| RTGS | Real Time Gross Settlement |
| SAAR | Seasonally Adjusted Annualised Rate |
| SC | Schwarz Criterion |
| SCBs | Scheduled Commercial Banks |
| SD | Standard Deviation |
| SDF | Standing Deposit Facility |
| SEBI | Securities and Exchange Board of India |
| SIDBI | Small Industries Development Bank of India |
| SLR | Statutory Liquidity Ratio |
| SMEs | Small and Medium Enterprises |
| SPDs | Standalone Primary Dealers |
| SPF | Survey of Professional Forecasters |
| SVAR | Structural Vector Autoregression |
| TA | Technical Assistance |
| T-Bills | Treasury bills |
| TFP | Total Factor Productivity |
| TLTRO | Targeted Long-Term Repo Operations |
| ToT | Terms of Trade |
| TREPS | Triparty Repo Dealing System |
| TVAR | Threshold Vector Autoregression |
| TVP-VAR | Time-Varying Parameter Vector Autoregression |
| UCSV | Unobserved Component Stochastic Volatility |
| UIP | Uncovered Interest Rate Parity |
| UK | United Kingdom |
| UMP | Unconventional Monetary Policy |
| US | United States |
| USD | US Dollar |
| VAR | Vector Autoregression |
| VAT | Value Added Tax |
| VIX | Volatility Index |
| WACR | Weighted Average Call Money Rate |
| WADTDR | Weighted Average Domestic Term Deposit Rate |
| WALR | Weighted Average Lending Rate |
| WPI | Wholesale Price Index |
| WPS | Working Paper Series |