You are here: Home » Economy & Policy » News
Business Standard

Stock market bubble won't cause any major problem, says Urjit Patel

Patel said RBI and Sebi need to be cognisant of stock market movements

Indivjal Dhasmana  |  New Delhi 

Urjit Patel. Photo: Kamlesh Pednekar
Urjit Patel. Photo: Kamlesh Pednekar

Stock market bubble will not cause any major problem, (RBI) Governor said on Saturday. Briefing media persons after the customary post-Budget meeting with Finance Minister Arun Jaitley, Patel said RBI and Sebi need to be cognisant of stock market movements. However, long-term capital gains (LTCG) tax did not figure in this meeting, but was discussed at a meeting with Sebi, Jaitley said. Patel said transmission of RBI decisions by banks have improved now, partly aided by demonetisation. Jaitley said the next financial year would be reasonable for fiscal situation, but either way needed to be watched.

First Published: Sat, February 10 2018. 13:56 IST
RECOMMENDED FOR YOU