RBI Governor Emphasizes Financial Stability Over Short-Term Gains, Outlines Hybrid Regulation Approach

Overview

Reserve Bank of India Governor Sanjay Malhotra stressed that prioritizing financial stability is crucial for long-term economic health, as short-term gains can lead to greater losses. He detailed the central bank's hybrid regulatory approach, blending principle-based guidelines with existing rules, and assured that India possesses strong foreign exchange reserves to manage currency fluctuations amid trade uncertainties.