The Reserve Bank of India (RBI) will roll out more measures next week to improve liquidity and depth of the Government securities market.
With rupee now stabilising, the central bank will also roll back in a calibrated manner measures that were taken to support the local currency in the aftermath of taper talk that began in May this year, RBI Governor Raghuram Rajan said on the sidleines of the Delhi Economics Conclave in the Capital on Wednesday.
RBI will also next week release a discussion paper that would look at effectively dealing with financial stress. The paper would focus on recognition, recovery as well as resolution, Rajan later told
US Fed taper
On likely US Fed taper, Rajan later told reporters that India was "well prepared" to face any such event. At the same time, he also felt that the country should not be complacent on this matter.
Rajan also sees India's current account deficit for the current fiscal at lower than 3 per cent of gross domestic product.