Price stability and financial stability complement each other and RBI treats financial stability as "non-negotiable", Shaktikanta Das says at Kautilya Economic Conclave
FM Sitharaman said that the FSDC meeting agreed that crude and the 'international worrisome situation' pose challenges to the domestic financial stability.
The recent surge in Covid-19 infections, the central bank says, adds uncertainty to the outlook on domestic growth as restrictions could dampen demand improvement and delay the return of normalcy.
While gloom prevails across economies, a State Bank of India report says that the Reserve Bank of India has been relatively successful in ensuring financial stability in the market since May.
