Robust benchmarks critical for stability of the financial system: RBI Deputy Governor

Mumbai (Maharashtra) [India], December 2 (ANI): RBI Deputy Governor T Rabi Sankar has talked about the reforms undertaken in financial benchmark administration in India as the country stands in the final stages of transition away from LIBOR towards alternative benchmarks.

Speaking on 'Financial Benchmarks in India: A Coming of Age', he said robust benchmarks promote financial stability by improving transparency in pricing