Yaga Venugopal Reddy

RBI's Reddy on foreign exchange reserves

In the speech 'Foreign exchange reserves: New realities and options' given on 19 September Y.V. Reddy of the Reserve Bank of India said emerging market economies were always wary that capital flows could slow down, and foreign exchange reserves were…

Guru with the keys to the kingdom

In a recent interview with The Banker magazine, Dr YV Reddy, governor of the Reserve Bank of India, says he is "not necessarily looking for a dramatic shift" in the "dynamic mix" that currently makes up the banking sector in India.

Reddy on banks and service to the common person

In the speech 'Banks and service to the common person' given on 1 July Y V Reddy of the Reserve Bank of India said the Reserve Bank has taken several regulatory initiatives including issuance of guidelines to banks on various customer-related issues.

Comment: RBI sounds warning call

The Reserve Bank of India (RBI) raised interest rates by 25 basis points on 25 July. The central bank warned that the higher oil prices were having a "permanent" effect. Rapid credit growth and rising risk-premia were also top of the list of concerns…

RBI's Reddy says monetary policy 'in sync'

Reserve Bank of India governor Y. V. Reddy said on Saturday 10 June that the recent increase in overnight interest rates was necessary so that India was not "out of sync" with the monetary developments in the world.

RBI's Reddy on global imbalances

In the speech 'Global imbalances - An Indian perspective' given on 11 May Dr.Y.V.Reddy of the Reserve Bank of India said any large adjustments in major currencies and global interest rates would have a significant impact on the economy.

India's central bank is prudent, not miserly

According to this article published on Thursday 30 March, Reserve Bank of India governor Y.V. Reddy is perfectly capable of communicating to the market what he may or may not do, without the intervention of the finance minister.

RBI third quarter review

On January 24 Reserve Bank of India governor, Dr Y Venugopal Reddy, presented the central bank's third quarter review of annual monetary policy for the year 2005-06.

RBI's Reddy on the role of accountants

In the speech 'Role of accountants in fostering economic growth' given on 19 January Dr YV Reddy of the Reserve Bank of India said the relationship between the RBI and the Institute of Chartered Accountants of India has been mutually reinforcing, where…

RBI's Reddy on central bank communications

In the speech 'Central bank communications: Some random thoughts' given on 23 January YV Reddy of the Reserve Bank of India said increased responsibility of maintaining financial stability and adopting inflation targeting has resulted in India adopting a…

India following 'passive policy' on gold

Reserve Bank of India governor, Yaga Venugopal Reddy, said on Tuesday 6 December that the federal government and the Reserve Bank of India (RBI) have been following a "passive policy" on its gold holdings.

Interview with RBI governor YV Reddy

In an interview published on Wednesday 26 October, Reserve Bank of India governor Yaga Venugopal Reddy said baby steps are the fashion of the day. Nowadays, in monetary policy, no one takes big steps.

RBI's Reddy sees demand pressure build up

Reserve Bank of India governor Yaga Venugopal Reddy said on Wednesday 26 October that price pressures were building up in the country which is expected to grow 7.0-7.5 percent by March 2006.

India's Reddy on monetary co-operation in Asia

In the speech 'Monetary co-operation in Asia' given on 3 September, YV Reddy of the RBI said the RBI is planning a new six-country trade-weighted real effective exchange rate (REER) index for the rupee which would include China's yuan and the Hong Kong…

Reddy on micro-finance: RBI's approach

In the speech 'Micro-Finance: Reserve Bank's approach' given on 6 August YV Reddy of the RBI said that we, in India, have to focus on extending financial services in both rural and urban areas for ensuring financial inclusion of all segments of the…

RBI: Global uncertainities higher than estimates

Y V Reddy, Governor of Reserve Bank of India, said on Thursday 14 July that global economic uncertainities had surpassed earlier estimates, but maintained that the central bank would stick to the "basic projections" until the review of monetary policy.

RBI's Reddy on challenges in a globalising economy

In a speech on 'Overcoming challenges in a globalising economy : Managing India's external sector' given on 23 June Y.V. Reddy of the Reserve Bank of India said the bank is unlikely to yield to pressures for significantly accelerating the pace of…

RBI's Reddy says trade gap manageable

Reserve Bank of India governor YV Reddy said on Thursday 23 June that the widening trade deficit is sustainable because it is underpinned by buoyant export of services and remittances from overseas migrant workers.

RBI's Reddy on monetary policy: An outline

In the speech 'Monetary policy: An outline' given on 12 February YV Reddy of the Reserve Bank of India said the conduct of monetary policy is complex. It has not only to be forward looking but also to grapple with an uncertain future.