Shaktikanta Das, governor of the Reserve Bank of India (RBI), speaks during an interview at the central bank in Mumbai. (Photographer: Kanishka Sonthalia/Bloomberg)
5 years ago
Oct 09, 2020
Reserve Bank of India Governor Shaktikanta Das is set to announce the Monetary Policy Committee's decision taken in a bi-monthly meeting at a time the country is struggling not just to control supply-side inflation, but also low growth. The governor will announce the decision over a video conference via social media.
In order to impart liquidity to State Development Loans and thereby facility efficient pricing, it has been decided to conduct open market operations in SDLs as a special case during the current financial year. This would improve improve secondary market activity and rationalise SDLs over central government securities of comparable maturities.
The RBI stands ready to conduct market operations as required, through a variety of instruments to assuage these pressures (of excess supply of papers), dis-spell any liquidity in financial markets and maintain orderly market conditions.
