RBI Policy
Formed committee for fincl mkt amid global volatility, says Jain
This story was originally published at 15:37 IST on 7 October 2026
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--RBI Jain: Formed technical committee for fincl mkt amid global volatility
MUMBAI – The Reserve Bank of India has proposed to constitute a technical consultative committee for financial markets with an aim to strengthen and develop them further, Deputy Governor Rohit Jain said at a press conference Wednesday after the Monetary Policy Committee announced its decision on interest rates.
"...we thought that in view of the extreme volatility that we are seeing globally and the need to have expert views better in a structured way, we are institutionalising this arrangement where we will constitute a technical committee of experts and we will meet them at periodic intervals to take their inputs, their suggestions with the whole idea that we will be able to improve policy making and also the operational issues that financial markets face," Jain said.
The committee will serve as a forum for structured engagement with market participants and stakeholders by the RBI on policy and operational matters related to money, government securities, and foreign exchange markets as well as the respective derivative markets and infrastructure. The composition and terms of reference for the committee will be separately notified, the RBI said in its statement on Developmental and Regulatory Policies Wednesday.
On Wednesday, the MPC raised the policy repo rate for the first time in over three years by 25 basis points to 5.50% and changed the stance to 'calibrated tightening'. End
Reported by Nandini Sinha
Edited by Avishek Dutta
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