RBI's Reddy on challenges in a globalising economy

In a speech on 'Overcoming challenges in a globalising economy : Managing India's external sector' given on 23 June Y.V. Reddy of the Reserve Bank of India said the bank is unlikely to yield to pressures for significantly accelerating the pace of external financial liberalisation.

"Reserve adequacy may be a necessary condition but not a sufficient one for speeding up financial liberalisation," the RBI governor said in the lecture.

On the path of integrating the Indian financial markets with the

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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