The Reserve Bank, Sebi and the Finance Ministry have drawn up a contingency plan to deal with any excessive market volatility when results of the general elections are declared tomorrow. Governor Raghuram Rajan told reporters in Shimla that they have placed prudential contingency plans to infuse liquidity, if needed.Finance Minister P Chidambaram earlier this week asked the regulators to maintain a strict vigil on volatility in the stock markets on the day of the poll results.
News On AIR | May 15, 2014 8:55 PM
RBI to infuse liquidity tomorrow, if needed: Raghuram Rajan