The BSE Sensex dropped 417.95 points, or 1.20 per cent.
There is no case of having a regulator for payment systems outside the RBI.
RBI estimates that for every $10 a barrel rise in oil price, GDP growth reduces by around 0.15%.
Valuations have fallen this year as the MSCI EMs Index slid into a bear market .
“Liquidity crunch allowed to continue unabated may lead to solvency issues & that will be disastrous.”
More recently, worries over the prospect of forced margin calls on the massive amounts of shares pledged as collateral also weighed on markets.
Most committee members of MPC underscored the upside risks to inflation.
The idea is to help modernise and improve transparency in the bullion industry.