Banks, Financial Markets Strong Enough To Withstand Extreme Volatility: Shaktikanta Das

However, he was quick to underline that the domestic markets have recovered from the lows that they fell to in the immediate aftermath of the Jackson Hole event, and the resilience shown by our financial markets reflects our robust macroeconomic fundamentals, and the proactive and strategic policy interventions to mitigate the impact of the two black swan events that have occurred in quick succession — the Covid-19 pandemic and the war in Europe, he explained.