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RBI deputy: Dependence on repo market a concern

Published on Fri, Nov 27, 2009 at 15:15 |  Source : Reuters

Updated at Fri, Nov 27, 2009 at 15:34  

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Excessive dependence by Indian market participants on the wholesale funding market, such as repurchase agreements, is a concern, a deputy governor of the Reserve Bank of India said on Friday.

Urgency and momentum for financial system reform is gradually waning, Shyamala Gopinath said at an event in the western Indian city of Ahmedabad.

  

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Entities: Shyamala Gopinath, Reserve Bank of India, Reserve Bank of India
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