BFSI Summit LIVE: Domestic factors guiding Indian monetary policy, says Das

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The two-day Business Standard’s BFSI Insight Summit kicks off. Former Chairperson of the Securities and Exchange Board of India (Sebi), Meleveetil Damodaran, inaugurated the expo and said that the financial sector has witnessed hyperactive regulation after 2008. “One of the biggest challenges we face is the regulatory capacity. Post 2008, the financial sector has witnessed hyperactive regulation,” he added.

The keynote speaker, RBI Governor, Shaktikanta Das shares his views on cryptocurrencies, India’s economic situation, inflation movement, among many others. “India’s monetary policy is guided by domestic factors, not just the actions of the US Federal Reserve. Since dollar dominates majority of the global trade, we see spillover effect on the Indian economy due to actions of the largest global central bank (the US Fed),” he added.



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