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Markets Should Trust RBI, Says Shaktikanta Das
The Reserve Bank of India s assurances that it will ensure ample liquidity have failed to calm investors nerves over the larger than expected 12.06 trillion rupees borrowing requirement
Updated: February 24, 2021 2:42 pm IST
I think our forward guidance has been much more explicit than it has been ever before, Das said.
The central bank governor told investors on Wednesday to trust the bank to manage the government s massive borrowing programme, after the bond market suffered a sustained sell-off following the 2021/22 budget announcement earlier this month. The Reserve Bank of India s assurances that it will ensure ample liquidity have failed to calm investors nerves over the larger than expected 12.06 trillion rupees borrowing requirement, and the central bank has rebuffed their calls for a open market operations calendar. The market should trust the RBI, Governor Shaktikanta Das told news channel CNBC-TV18 ....

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