Reserve Bank Governor Shaktikanta Das said on Thursday that the country’s economy has recovered more vigorously than expected after being affected by the initial outbreak of the corona virus epidemic, but the demand stability needs to be monitored after the festive season. .
He said at the annual function of the Indian Foreign Exchange Regulations Association that there is a risk of decreasing growth in the whole world including India. Governor Das said that after the festive season, we need to keep an eye on the stability of the demand and market expectations regarding the Corona vaccine.
Das said that RBI is committed to maintain the functioning of financial markets and work will be done to reduce any downside risk. Regarding capital account convertibility, he said that the approach would continue to see it as a process rather than an event.