Urjit Patel
Quotes by Urjit Patel
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I think that it is important that one grows a thick skin fast in this business, and I think we have done that.
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The two important variables for the policy formulation are projected inflation and the output gap. There is no clear hidebound mathematics that we must give 'X' weight to inflation and 'Y' weight to growth and form the associated policy.
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There are tens of thousands of bank branches and 4,000 currency chests. We need to be careful and try that this is a number which is not a mere estimate but a verified number both physically and in the accounting sense.
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There is little room for complacency, and it is important to guard against sporadic volatility in financial markets.
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The lack of a consistent policy from major economies is the main source of volatility.
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Remonetisation has happened at a fast pace, and that was part of the plan that, subsequent to the withdrawal of the specified bank notes, our production plans and supply processes would ensure that the remonetisation happened as quickly as possible.
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