The RBI and other market organisations have managed the transition from a Libor-based system in a fairly seamless manner. Internationally too, things have been managed well. One hopes that the financial market community has learnt lessons from the crisis
RBI Governor Shaktikanta on Friday said the latest dataprints on growth, inflation and currency volatilities indicate that the worst for the financial markets and the world economy is behind us and that high interest rates for a longer period looks a distinct possibility going forward.
Mumbai, Jan 28: RBI Governor Shaktikanta on Friday said the latest dataprints on growth, inflation and currency volatilities indicate that the worst for the financial markets and the world economy is behind us and that high interest rates for a longer period looks a distinct possibility going forward. Our financial system remains robust and stable.