Policy approach: How RBI is taking a selective and cautious stance

In the context of US elections and possible uncertainty, Mr Das said the Indian economy and the financial sector were well placed to deal with any spillover impact from global economy

Over the years, large central banks have worked on improving communications to avoid any misunderstanding or misinterpretation of policy by financial markets. The Reserve Bank of India (RBI) is no exception. In the context of monetary policy, besides the governor’s policy statement and the resolution of the Monetary Policy Committee (MPC), the deliberation and decision of the committee are explained at length in the media conference by the top leadership of the central bank, led by the governor.  Besides this, top officials also present the central bank’s position on various issues in their speeches and other public appearances. One such