Monday, November 25
The Reserve Bank of India (RBI) is well equipped to handle excessive exchange rate volatility that could result as a falloutof the Donald Trump presidency, deputy governor Rabi Sankar said at a media event on Thursday. He also ruled out allowing oversight rights of the Indian bond clearing platform to the European authorities, likening such a provision to sovereignty breach.Rabi Sankar said there could be short-term volatility in most markets due to changes in government in the largest and most powerful economy.India, he said, is "well equipped to handle any impact on the exchange, manage any excessive volatility in exchange... In terms of our reserves, the health of the banking system, the health of the economy, we are well placed there".He further stated that if the US increases issuance
