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Union Finance Minister Nirmala Sitharaman on Monday said the stability in government securities yields has bolstered overall financial market resilience and investor confidence in the Indian economy. She emphasised that the measures undertaken for monetary tightening have effectively stabilised the G-Sec yields.
“Inflation management despite monetary tightening measures and the measures taken for monetary tightening have stabilised G-Sec yields, which is very important for the economy. The stability in the G-Sec market has contributed to overall financial market resilience and investors’ confidence in the Indian economy,” Sitharaman said.
She was addressing an event in Mumbai commemorating the 90th year of the Reserve Bank of India (RBI).
She said that RBI stands tall amongst its peers, and hailed the central bank’s adaptability in navigating through various challenges, including the unprecedented Covid-19 pandemic.
Sitharaman underscored the RBI’s legacy of embracing both conventional and unconventional measures to safeguard the economy, reflecting on its remarkable journey.
First Published: Apr 01 2024 | 3:44 PM IST
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