All COVID -related liquidity release measures extended by the central bank have come with a set date and will be withdrawn in the near future, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Monday.
Speaking at an event organized by the Confederation of Indian Industries (CII), Mr Das said, “any exemption, which has been granted by RBI, has its setting date, the exemption is given according to the timeline. It has opening and closing dates.”
The RBI governor said the central bank would issue a mechanism to ensure liquidity measures were withdrawn smoothly.
“We will ensure ample liquidity to meet the needs of the productive sectors of the economy. Liquidity support of Rs 17 lakh crore has been provided,” Mr Das said.
Mr Das said the RBI would continue to support economic growth. “The Indian economy is on a growth trajectory as many high -frequency indicators of economic activity are in the green. Our CAD (current account deficit) is low and our forex reserves are relatively high,” he said.
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