New Delhi, Apr 22 (KNN) Reserve Bank of India (RBI) Governor Sanjay Malhotra said that the recent short-term fluctuations such as net FDI outflows and exchange rate movements are cyclical in nature and are being closely monitored.
Speaking at a roundtable hosted by the Consulate General of India in New York on Monday, Malhotra highlighted ongoing reforms aimed at simplifying regulatory frameworks, improving ease of doing business, expanding market access for foreign investors, and integrating onshore and offshore financial markets, news agency PTI reported, citing a press release issued on Tuesday.
Strong Investor Engagement
The roundtable saw participation from over 100 representatives across financial institutions, investment firms, and policy circles—including banks, asset managers, family offices, institutional investors, and wealth managers.
India’s Macroeconomic Strengths
During the session, Dimple Bhandia, Chief General Manager, RBI, presented an overview of India’s economic fundamentals. She highlighted the country’s resilient financial sector, stable policy environment and strong growth trajectory.
Key indicators discussed included inflation remaining within the target range, a manageable current account deficit of around 1.1 per cent of GDP and robust foreign exchange reserves of approximately USD 700 billion.
Outlook
The RBI reiterated that India continues to maintain macroeconomic stability and remains on track to become one of the world’s leading economies, while keeping a close watch on global and domestic financial developments.
(KNN Bureau)
