HAVE BEEN interacting with Reserve Bank of India (RBI) for nearly 40 years, beginning with another Governor Malhotra back in 1986, and so I thought I could be forward enough to welcome you. To be sure, RBI is a completely different creature than it was back then, and more power to all the Governors and, no less, the smart and really committed staff for bringing it to where it is today.
Of course (as they say), a mother's work is never done-and so, too, is the case with RBI. You have doubtless a long list of areas that you need to/want to address and there are many skilled people around who will support you as you go forward.
Nonetheless, I want to highlight one recent area of market dysfunction, which appears to have gone unnoticed, or certainly uncommented on. Over the past couple of years, domestic market liquidity has been bouncing between surplus and deficit conditions with alarming frequency. While RBI has a range of instruments that it uses to bring liquidity back to where it believes it should be, users of the market have no such support-there are no market instruments to hedge against higher volatility of liquidity conditions.
Denne historien er fra December 13, 2024-utgaven av Financial Express Pune.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 13, 2024-utgaven av Financial Express Pune.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
'Had fun but it's time': Ashwin bows out of internationals with shock retirement call
RASHWIN STOOD in the corridor outside the press conference room after the third Test ended in a draw. Captain Rohit Sharma, walking just ahead of him, gestured to the waiting journalists. \"Sab pata chalega abhi (everything will be known now),\" he said with a laugh, perhaps in reference to the buzz in the press box and on social media about the possible retirement of a \"big player\".
US announces H-1B visa overhaul, Indian techies to benefit
TO TAKE EFFECT IN MID-JANUARY
Free healthcare for senior citizens: Kejriwal
AHEAD OF DELHI Assembly elections next year, AAP national convener and former CM Arvind Kejriwal announced that all citizens of Delhi aged above 60 will get free medical care in government and private hospitals if his party returns to power.
Navy boat hits ferry off Mumbai coast, 13 dead
A PRIVATE FERRY, carrying more than 110 passengers to Elephanta Island off Mumbai coast, capsized after a Navy speedboat crashed into it on Wednesday.
Sebi tightens SME IPO rules
SEBI cleared the review of merchant bankers, custodians, and provisions for high-value debt-listed entities (HVDLE), increasing the HVDLE identification threshold from ₹500 cr to ₹1,000 cr (aligning with large corporates), and introduced a sunset clause governing debt-listed securities corporate governance. Ease of doing business norms for asset management companies, SM REITs, and AI use by market infrastructure institutions (MIIs) were also ratified. The application size (₹1 lakh) and minimum investor number remained unchanged.
Trump threatens to impose reciprocal tariffs on India
HE MADE THE remarks while responding to a question on a potential trade agreement with China.
Opposition seeks Shah's resignation
● PM defends HM; slams Cong & its 'rotten ecosystem'
2W sales skid sharp 19% in Dec
Two-wheeler sales in India plummeted 19% in December, a sharp decline following strong October and November sales driven by the festival and wedding seasons.
Enhancing customer journey in the cloud
ORACLE has created Customer Success Services (CSS) to provide comprehensive support for customers using its cloud tools.
Moving beyond conventional tech
AI offers a wide range of benefits for SMEs
