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RBI governor Rajan says economy 'fundamentally sound'

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Reuters MUMBAI

MUMBAI (Reuters) - The new governor of the Reserve Bank of India, Raghuram Rajan, said on Wednesday the country's economy was "fundamentally sound" and had a "bright future" in his first remarks after taking the helm at the central bank earlier in the day.

Rajan said the government would look to reduce investments by banks in government bonds "in a calibrated manner". He added the RBI would work together with the government and the market regulator to steadily liberalise markets.

(Reporting by Neha Dasgupta; Editing by Subhranshu Sahu)

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First Published: Sep 04 2013 | 6:00 PM IST

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