Urjit Patel says RBI taking necessary action, urges people to use debit cards
The RBI governor, who came under attack by the opposition for his silence over the raging issue, emphasized that liquidity in the banking system has increased. Breaking his silence on demonetization, Reserve Bank of India governor Urjit Patel on Sunday insisted that necessary actions are being taken to “ease the genuine pain of citizens” who have been affected by the move, which has left many in the lurch and utter state of confusion. “RBI is taking all necessary actions to ‘ease the genuine pain of citizens’ who are honest and who have been hurt,” Patel told news agency PTI.
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