RBI can handle forex swings well: Deputy Guv Rabi Sankar

November 8, 2024

RBI Deputy Governor Rabi Sankar expressed confidence in India’s ability to navigate potential market volatility stemming from the Trump presidency. Sankar highlighted India’s robust reserves and sound banking system as key strengths. Additionally, he firmly rejected the European Securities and Markets Authority’s demand for oversight of India’s bond clearing platform, citing sovereignty concerns.

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