FSR released by RBI
Posted on: 26/Jun/2015 9:14:36 AM
The Financial Stability Report (FSR) 2015 was released by the Reserve Bank of India (RBI).The Report is published by a sub committee of Financial Stability and Development Council, which is headed by the RBI Governor, who is currently Dr. Raghuram Rajan.
In his foreword to the report, Dr. Rajan has said that there is macro economic stability in the country and that the situation has improved over the past two years. �A combination of global factors and concerted domestic policy decisions have helped the country. The macro-economic fundamentals have improved and we have also been able to build buffers to fight any future uncertainty... we need to be vigilant. With back-to-back quantitative easing by other major central banks, alongside the possible tightening by the Fed, what we have seen might be only one of a series of such `tantrums` that the global markets are likely to witness�, he said.
