Will be agile in liquidity response: RBI governor Sanjay Malhotra's cash promise
Reserve Bank of India governor Sanjay Malhotra said the central bank will remain “nimble and agile” in responding to the liquidity needs of the banking system.
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He also said the RBI is not targeting any level for rupee, which has been falling against dollar, and was only focussing on checking excess volatility.
“We have provided for liquidity...,” he told reporters after a meeting of the RBI central board with FM on Saturday.
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“And going forward too we will be very, very watchful, alert and very nimble and agile in whatever are the requirements of the banking system to provide liquidity, both transient, overnight, as well as more durable liquidity,” said the RBI governor, adding that the regulator has numerous instruments at its disposal to control and manage liquidity.
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