MUMBAI: The banking system is healthy enough to withstand any negative spillovers from external headwinds emanating from the Jackson Hole speech by the US Fed, Reserve Bank governor Shaktikanta Das said on Monday.
Addressing the annual gathering of the Fixed Income Money Market and Derivatives Association of India (Fimmda), the governor said, the central bank and government have taken enough measures, such as maintaining high forex reserves ($561 billion as of August 26) and other steps to keep the banking system healthy enough to withstand any external headwinds.
