Therefore, at the moment, there is no need for us to deviate from our current policy stance. The exchange rate will continue to be market-determined, and the BSP will maintain its strategic market presence to avoid excesses in volatilities and to provide appropriate market guidance.
Given the growing requirements of the MSME sector and the huge “demographic capital” we possess, significant efforts are still needed to enhance the skill and entrepreneurship development. Investment needs to be made in a big way on skill and entrepreneurship. 6  BIS central bankers’ speeches  D.  Factoring in India and role of Reserve Bank  30.