BB wants to be benefited from RBI experience
Friday, 11 September 2009
FE Report
Bangladesh's central bank is looking at increased co-operation with Reserve Bank of India (RBI), whose policies have helped insulate the Indian economy from the global financial crisis.
Despite the turmoil in the global markets, India has managed its foreign reserves, now at $276.3 billion, quite well, the hindubusinessline.com quoted Bangladesh Bank (BB) Governor Atiur Rahman as saying.
"Bangladesh would really benefit from the Indian experience, how they have managed the reserve situation...you have managed it so well," Mr Rahman said. There was a need for increased co-operation among the regulators (internationally), which will help them learn from each other's experience, the governor said.
The Indian central bank's policies have helped the country insulate itself from some of the impact of the global financial turmoil, Mr Rahman said. However, the crisis has impacted Indian exports, he observed.
Central banks in South Asia, particularly those of India and Bangladesh, have been very prudent in dealing with the crisis, he added.
Bangladesh's central bank is looking at increased co-operation with Reserve Bank of India (RBI), whose policies have helped insulate the Indian economy from the global financial crisis.
Despite the turmoil in the global markets, India has managed its foreign reserves, now at $276.3 billion, quite well, the hindubusinessline.com quoted Bangladesh Bank (BB) Governor Atiur Rahman as saying.
"Bangladesh would really benefit from the Indian experience, how they have managed the reserve situation...you have managed it so well," Mr Rahman said. There was a need for increased co-operation among the regulators (internationally), which will help them learn from each other's experience, the governor said.
The Indian central bank's policies have helped the country insulate itself from some of the impact of the global financial turmoil, Mr Rahman said. However, the crisis has impacted Indian exports, he observed.
Central banks in South Asia, particularly those of India and Bangladesh, have been very prudent in dealing with the crisis, he added.