RBI Governor Shaktikanta Das on Wednesday said that the central bank is closely monitoring the situation in the financial markets, and it is determined to ensure that the entire process is done in a non-disruptive manner.
He was speaking at the India Development Forum 2021 where he highlighted the importance of the steps taken by the RBI to ensure financial stability and orderly transaction in the market. The Governor said that the RBI has taken several steps such as liquidity management, market monitoring and regulatory measures to ensure a non-disruptive process.
He further said that the RBI is working to formulate and implement certain policy initiatives to promote productive investments and business growth. He further stated that India’s economic growth outlook is expected to improve in 2021-22 and the central bank remains committed to support the growth momentum.