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'Don't want to rock the boat': What MPC said after keeping rates unchanged

At the moment, G-SAP is not required but going forward, the G-SAP option, together with options of 'operation twist', and 'open market operations' are very much on the table.

RBI Governor Shaktikanta Das
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RBI Governor Shaktikanta Das | Photo: Bloomberg

BS Reporter New Delhi
Post the monetary policy resolution, the Reserve Bank of India (RBI) Governor Shaktikanta Das, and Deputy Governors (DGs) Michael Debabrata Patra, Mayank Jain, M Rajeshwar Rao, and T Rabi Sankar, spoke to the media on several issues ranging from the withdrawal of the G-SAP programme, liquidity management, inflation-growth dynamics, asset quality pressures on banks, and involvement of big tech in banking activities. Edited Excerpts:

What was the reason behind not conducting any more G-SAPs? 

Das: At the moment, G-SAP is not required but going forward, the G-SAP option, together with options of ‘operation twist’, and ‘open market operations’ are very much on

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