INSUBCONTINENT EXCLUSIVE:
India (RBI) said on Friday he would take steps necessary to maintain financial stability in country and help create favourable conditions
The country's economy has grown because of measures such as nationwide goods and services tax and insolvency and bankruptcy code that
prevents wilful defaulters from bidding for stressed assets, Shaktikanta Das said in his address to an investor roundtable.The country's
growth story is backed by its strong domestic fundamentals, he said, citing lower inflation.Annual retail inflation rate dropped to an
18-month low of 2.19 per cent in December, strengthening views of some economists that central bank could ease monetary policy next
month.The country's top business groups on Thursday urged central bank to cut its benchmark interest rate by at least half a percentage
point and lower cash reserve ratio it imposes on banks.The country also needs to watch out for any sudden turbulence in global financial
