MUMBAI, India, April 1 -- Reserve Bank of India issued the following speech:
A strong and resilient financial system is the bedrock on which the edifice of economic prosperity of a nation is built. Reserve Bank of India is the custodian of our financial system. It completed 90 years of its journey yesterday. The theme for our 90th year was 'Stability, Trust and Growth'.
It embodies all that RBI stands for. It is apt we introspect on the past and how we can better discharge our mandate of ensuring monetary and financial stability; enhancing trust in the financial system; and supporting economic growth and improving the well-being of our people.
Price stability
Stability refers to stability of prices. This is important as inflation erodes...