Asserting that the Finance Minister Arun Jaitley is on the same page as him on creating a public debt management agency (PDMA), RBI Governor Raghuram Rajan said on Tuesday that it would be unwise to move things away from the Reserve Bank of India (RBI) without discussions and disrupt a smooth-functioning market for “hypothetical gains”.
“What is important, and this is something where there is complete agreement with the Finance Minister and me, is that what is functioning well doesn’t need to be disrupted for some hypothetical gains,” Mr. Rajan told reporters after the second bi-monthly policy announcement.
