Wednesday 22nd, August 2018
canara news

RBI, SEBI need to take cognisance of market volatility: Urjit Patel

Published On : 10 Feb 2018


New Delhi, (IANS) Reserve Bank of India (RBI) Governor Urjit Patel on Saturday said the apex bank and the market regulator Securities and Exchange Board of India (SEBI) need to be cognisant of the equity market volatility for risk assessement.

"In the last few days, there has already been a correction, not only globally but in India. Therefore in a way it underscores how capital markets can change direction. So far neither globally nor in India, (it has) been felt that this bubble could lead to a very major problem," Patel told reporters here.

He added: "However, as financial market regulators, both the RBI and SEBI need to be cognisant of the risks going forward. The correction in the last few days underscores that these things can move pretty quickly."

Patel was addressing media along with Finance Minister Arun Jaitley.

Between February 1-9, the BSE Sensex had shed around 1,900 points. The other index, NSE Nifty shed over 500 points during the same period.

"I think the good thing in this cycle of high equity prices is that almost everyone who has been part of this, has talked about the possibility that this can't go on for long and I think that is good so that there is enough risk aversion that is endogenously built up by the investors themselves," Patel added.







More News

HP dominated India printing market with 47% share in Q2 2018
HP dominated India printing market with 47% share in Q2 2018
Hackers transfer Rs 94 crore from Pune's Cosmos Bank
Hackers transfer Rs 94 crore from Pune's Cosmos Bank
Rupee hits record low against US dollar; recovers a bit
Rupee hits record low against US dollar; recovers a bit

Write your Comments

Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. canaranews.com will not be responsible for any defamatory message posted under this article.

Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on CANARANEWS to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using canaranews will be purely at your own risk, and in no way will canaranews.com be held responsible.