I am here today, not because this is the case, but because I think it is a good opportunity to elaborate on our thinking behind current monetary policy and ask for your comments.
Changing nature of financial markets necessitate that organisations, such as, FIMMDA and PDAI, play a more proactive role in bringing orderliness in market activities and desired level of discipline amongst market participants. Reserve Bank of India regularly engages with FIMMDA and PDAI on various issues of policy and provides inputs and perspectives of the market participants.