New Delhi, Aug 29
As the Indian economy strives to attain its rightful place in the global economy, stronger policy frameworks across domains, and not just limited to monetary policy, will be pivotal in its journey, RBI Governor Sanjay Malhotra has said, adding that on our part, we will continue to be agile and proactive in providing a facilitative monetary policy based on incoming data and the evolution of the growth-inflation dynamics.
As always, we will have a clear, consistent and credible communication backed by actions necessary for the task at hand, he said in the latest RBI Bulletin.
“Going ahead, the Reserve Bank will continue to be nimble and flexible in its liquidity management. We will endeavour to maintain sufficient liquidity in the banking system so that the productive requirements of the economy are met and transmission to money markets and credit markets remains smooth,” he noted.