In addition, our presence as a buyer in the ABS and covered bond markets eases potential balance sheet capacity and liquidity concerns that go along with an increase in credit supply. A precondition for these channels to unleash their full effects is a healthy banking system.
•  Central counterparty (CCP) clearing and guaranteed settlement is currently operative for government securities transactions and inter-bank rupee-USD forex transactions. CCP guaranteed arrangements for forex forwards and OTC rupee interest rate swaps are underway. Financial stability unit in RBI As you will note from the above listing, we have used both monetary and regulatory measures to maintain financial stability.