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Post market volatility settles India shall re-emerge as investment destination: RBI chief Rajan


Post market volatility settles India shall re-emerge as investment destination: RBI chief Rajan

Mumbai, Aug 24 (ANI): Speaking on the continued market volatility from last week, Reserve Bank of India (RBI) Governor Raghuram Rajan on Monday said that post market volatility settles India shall re-emerge as investment destination of choice. Post the sensex and nifty plunged profoundly with the rupee diminution to as low as 66.59 today, Rajan said India stood in a good position at the global front.

Rajan expressed that RBI wouldn't be reluctant in using our reserves to reduce volatility in Rupee. Rajan pointed out that although consumer inflation has fallen sharply, but the expectations are still high among the people for inflation to be regulated.

RBI chief Rajan said that the best way for a central bank to ensure sustainable growth is to keep demand close to supply so that inflation remains moderate.

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