· Sanjay Malhotra Wiki · Reserve Bank of India WikiIndian financial markets - resilience and resurgence
Read full speech on bis.org ↗ContextKeynote address by Sanjay Malhotra, Governor of the Reserve Bank of India, at the 25th Fixed Income Money Market and Derivatives Association of India - Primary Dealers Association of India (FIMMDA-PDAI) Annual Conference, Amsterdam, 1 May 2026.
Why it mattersIndia's Governor explains to bond market participants how the central bank keeps markets orderly and opens them to foreign investors.
Problems raised
- Inflation remains exposed to supply shocks.
- Global spillovers can disrupt markets.
- Foreign investors need easier access.
Solutions proposed
- Keep flexible inflation targeting as an anchor.
- Strengthen market infrastructure and transparency.
- Stand ready to ensure orderly market conditions.