In fact, not merely the financial market participants use such services and no doubt derive benefit out of it, but the RBI itself utilises such services and is by and large pleased with the benefits derived. In a very important sense, therefore, RBI is not only a supplier of information and analysis but also an attentive consumer of media-services such as that of Reuters.
When we started tapering a few days ago, it happened several months earlier than was expected by market participants in the early months of 2021. We cut both the amount of Treasury securities purchases to $ billion per month from $ billion per month, and the amount of agency mortgage-backed securities (MBS) to $ billion from $ billion.