BANK NEWS
RBI governor raise concern over demand sustainability
Mumbai: On the 4th Foreign Exchange Dealer’s Association Annual Day held on Thursday, November 26th, 2020 the Governor of Reserve Bank of India Shri Shaktikanta Das has raised concerns over the demand sustainability which is consistently sliding down due to the close of markets in the festive season and rapidly rising COVID19 infection.
While covering this up and facing the challenges, regulators have worked at last with financial market participants to keep the balance in the system.
“We need to be watchful about the sustainability of demand after festivals and a possible reassessment of market expectations surrounding the vaccine,” Das said.
“Even as the growth outlook has improved, downside risks to growth continue due to recent surge in infections in advanced economies and parts of India” he added.
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