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    <title>Shri Shaktikanta Das, Governor, RBI interview with Business Standard on July 8, 2021</title>
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    <description>RBI will maintain an accommodative, state based monetary policy stance to support recovery, tolerating a transitory supply-driven inflation spike within the flexible inflation targeting range while anchoring expectations. The Bank actively manages the yield curve and government borrowing using conventional and unconventional tools to ensure orderly financing and transmission. Large foreign exchange reserves act as a buffer against volatile capital flows, but are capital flow driven and not available for other uses; interventions in offshore NDF markets aim to integrate onshore-offshore pricing. RBI stresses timely asset quality recognition, targeted liquidity support, faster insolvency resolution, and ongoing work on bond index inclusion and a central bank digital currency.</description>
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