Question: Recently RBI has constituted a task force on offshore rupee market. The panel will be chaired by which of the following RBI former Deputy Governor?
(a) Usha Thorat
(b) BP Kanungo
(c) Viral Acharya
(d) None of the Above
Answer :(a)
Related facts:
- On 28th February 2019, RBI has constituted a task force on offshore rupee market to find ways to move non-resident Indian to the domestic to promote on-shore hedging activity.
- The panel will be chaired by former deputy governor of the RBI Usha Thorat.
- Ajit Ranade, Chief Economist of the Aditya Birla group, Sajid Chinoy,Chief Economist of JP Morgen India and Surendra Roshe, CEO of HSBC India are other members of the task force.
- The panel will also have nominees from the government, SEBI and the RBI.
- The task force will examine offshore rupee markets in depth and recommend appropriate policy measures that also factor in the requirement of ensuring the stability of the external value of the rupee.
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