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    <title>India : A Story of Resilience (Inaugural Address by Shri Shaktikanta Das, Governor, Reserve Bank of India - November 02, 2022 - at the Annual FIBAC 2022 Conference Organised Jointly by FICCI and IBA, Mumbai)</title>
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    <description>The address sets out a multi-pronged strategy to maintain price stability and financial resilience: refine monetary policy and inflation forecasting, strengthen liquidity management (including the Standing Deposit Facility and automated sweep mechanisms), pilot wholesale and retail CBDC, update prudential and governance regulations across banks, NBFCs, UCBs, payment systems and ARCs, deepen supervision using enhanced data analytics and AI/ML, develop market infrastructure and access, and promote interoperable, 24x7 payment systems with cross-border linkages; it assesses current liquidity as transitory and characterises the rupee as relatively resilient on real effective and fundamental metrics.</description>
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