Building a framework for RBI surplus transfers

R.K. PATTNAIK R.K. Pattnaik is a former central banker and faculty member at SPJIMR Comments are welcome at views@livemint.com
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Reserve Bank of India (RBI) governor Urjit Patel has reiterated before a parliamentary panel the central bank’s well-known position that its reserves are “for periods of stress and not for meeting normal needs.” A committee is set to go into the issue...

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