Capital market development is certainly a shared responsibility because it is a collective gain. And providing for an inclusive financial market, with appropriate support for financial consumers, is itself a clear winning bet for tomorrow. Together, we have taken what was perennially a difficult financial market situation in the late 90s into an environment that has withstood global shocks.
In accordance with the decision taken at the previous meeting, the Reserve Bank will therefore continue to manage the banks’ daily liquidity requirement in a way that will result in a repo rate at or around 11.75%”. BIS Review 24/2000  4  6.