Reserve Bank of India (RBI) Governor Shaktikanta Das in a heartfelt social media post expressed his gratitude to the government, stakeholders, and his colleagues for their support and contributions during his time in office.
Sanjay Malhotra, currently serving as the revenue secretary at the Ministry of Finance, has been appointed as the new Governor of Reserve Bank of India.
Responding to questions during the post-monetary policy press conference, the central bank governor said all that RBI has done is permit the opening of Vostro accounts to countries who wish to trade in local currency. This was a part of the de-risking of trade.
By this, 1.15 lac crore liquidity will be infused into the backing system. Governor Das outlined the inflation projections for FY24-25, pegging Consumer Price Index (CPI) inflation at 4.8 per cent. Quarter-wise, inflation is forecasted at 5.7 per cent for Q3 and 4.5 per cent for Q4. For F
"As a result, the Standing Deposit Facility (SDF) rate remains at 6.25 per cent, and the Marginal Standing Facility (MSF) rate, along with the Bank Rate, stays at 6.75 per cent," Das added.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday highlighted a crucial role of price stability as the foundation for sustained economic growth during his address at the "High-Level Policy Conference of Central Banks from the Global South.
Reserve Bank of India (RBI) Governor Shaktikanta Das emphasized the critical role of fiscal-monetary coordination in navigating India through a series of external economic shocks.
"The arrangements (at the polling station) were very good. I congratulate the Election Commission. The elections are being held in the middle of the week, so everyone is expecting a high voter turnout," Das said after casting his vote.
Das said, "Soft landing has been ensured, but risks of inflation coming back and growth slowing down do remain. The headwinds from geopolitical conflicts, geoeconomic fragmentation, commodity price volatility and climate change continue to blow."