RBI Governor says if the central bank sees stress in currency market, it will take a call on infusing liquidity in the foreign exchange markets
RBI keeps rates unchanged; ensures adequate liquidity in the system
Interview with Governor, RBI
RBI had also conducted an asset quality review and had given banks a deadline to clean up their balance sheet by FY17
Governor Raghuram Rajan said banks have been coming up with new reasons every time to hold on to current rates
Has covered 80% of requirements through forward contracts
The BSE Sensex shed about 200 points in intraday trade before closing lower by 0.35% or 97 points at 28,085
DLF CEO Rajeev Talwar said RBI needs fresh thinking if this country needs to progress
If there is an excess liquidity, RBI resorts to sale of securities and sucks out the rupee liquidity
Rajan said people send him 'anonymous thank you notes' even when he is on a plane
Though the policy has maintained status quo across all levels, the central bank's statement throws some interesting facts on the economy
Since January 2015, RBI has reduced its policy rates by 150 basis points to 6.50%
Currency derivative contracts allow investors to take position on change in the foreign exchange rates between pairs of two currencies
Inflation, by far, could remain the central focus of the policy
The domestic currency had gained by 62 paise or 0.92% in previous six trading days
The domestic unit hovered in a range of 66.79 and 66.70 in the morning deals