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No issues with liquidity; mutual funds thriving now: IDFC MF

The market is expecting easier fiscal and pro-growth policy from the new RBI governor Shaktikanta Das, said UBS Securities' Tanvee Gupta Jain.

December 12, 2018 / 21:06 IST
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The market is expecting easier fiscal and pro-growth policy from the new RBI governor Shaktikanta Das, said Tanvee Gupta Jain, chief India economist at UBS Securities India, adding that it's too early to expect anything from him on prompt corrective action (PCA).

“I am not a banking sector expert but a general sense we are getting on ground is that there could be some relaxation on lending curbs in the offing which would help support growth which is expected to slow down sharply in the December and March quarter as per our estimates,” she said.

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The government on Tuesday appointed former finance secretary Shaktikanta Das as the new governor of the Reserve Bank of India (RBI).

Earlier on Tuesday, CNBC-TV18 had reported that Das was being considered for the post that was left vacant after Urjit Patel resigned on December 10, a move that surprised the industry.