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Business Standard

RBI can pare excess liquidity even if stance is accommodative: Ashima Goyal

In a Q&A, Goyal, a member of RBI's Monetary Policy Committee, says reducing excess liquidity is at RBI's discretion and MPC members can only offer advice

Topics
RBI | Ashima Goyal | MPC

Manojit Saha  |  Mumbai 



Ashima Goyal
Ashima Goyal

Ashima Goyal, a member of the Reserve Bank of India’s voted in favour of keeping the repo rate unchanged and maintaining an accommodative stance during the August monetary policy review. In an interview to Business Standard, Goyal, who is a professor at the Indira Gandhi Institute of Development Research (IGIDR), says reducing excess liquidity is a discretion of the and members can only offer advice. Edited excerpts:

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First Published: Sun, August 22 2021. 15:09 IST

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