Search For "shaktikanta das"
RBI expected to begin rate cuts in October, with two reductions this fisca
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) may begin lowering interest rates around October, provided that external factors like weather conditions and international commodity prices do not cause any disruptions, the credit rating agency, Crisil said in its report.
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FM Nirmala Sitharaman attends RBI Board of Directors meeting
Updated : 1 year, 7 months ago IST
Union Finance Minister Nirmala Sitharaman on Saturday addended a meeting with members of the Central Board of Directors of Reserve Bank of India (RBI) in New Delhi.
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High food prices raise concerns but improved monsoon offers hope for RBI:
Updated : 1 year, 7 months ago IST
The ongoing volatility in the prices of key food items such as tomatoes, onions, and potatoes (collectively known as TOP) and pulses continues to pose significant challenges for the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), highlights a report by SBI.
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A rate cut is unlikely before December, it may even be pushed back furthe
Updated : 1 year, 7 months ago IST
BOB also cautioned that the rate cut could be further delayed if inflationary pressures persist. With the Monetary Policy Committee (MPC) voting 4-2 in favour of maintaining the current policy stance, the decision underscores a growing divide among its members regarding the direction of mone
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Premature to talk about US recession based on one-month data: RBI Governor
Updated : 1 year, 7 months ago IST
At the post-monetary policy press briefing, RBI Governor Shaktikanta Das said that GDP growth figures in the US are doing well and it was not right to rush to a conclusion that the country was slowly slipping into recession.
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RBI sees a positive shift in FPI's flows in the domestic market, USD 9.7 b
Updated : 1 year, 7 months ago IST
Governor Das said, "On the external financing side, foreign portfolio investors turned net buyers in the domestic market from June 2024 with net inflows of USD 9.7 billion during June-August (till August 6) after witnessing outflows of USD 4.2 billion in April and May."
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RBI announces to create repository to check unauthorised lending Apps
Updated : 1 year, 7 months ago IST
The Reserve Bank of India (RBI) has announced measures to check unauthorized lending Apps and to prevent consumers from such illegal practices.
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RBI Governor Shaktikanta Das projects 7.2 pc GDP growth for 2024-25, repor
Updated : 1 year, 7 months ago IST
Das added, "Assuming a normal monsoon and taking into account the 4.9 per cent inflation print, Q1 CPI inflation for the current financial year (2024-25) is projected at 4.5 per cent, with q2 at 4.4 per cent, Q3 at 4.7 per cent and Q4 at 4.3 per cent. CPI inflation for the first quarter of n
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Repo rate remains unchanged at 6.5 per cent for ninth consecutive time: RB
Updated : 1 year, 7 months ago IST
Governor Das stated, "After a detailed assessment of the evolving macroeconomic and financial conditions and the overall outlook. It decided by a majority of four members to keep the policy repo rate unchanged at 6.5 per cent."
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RBI to release policy at 10 am today, rate change unlikely: experts
Updated : 1 year, 7 months ago IST
RBI Governor Shaktikanta Das to deliver the monetary policy statement on Thursday at 10:00 am, following the Reserve Bank of India's (RBI) three-day Monetary Policy Committee (MPC) meeting, the post-policy press conference scheduled to be telecast at 12:00 pm on the same day.
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RBI tracking compilation of new macroeconomic data, for aligning Indian da
Updated : 1 year, 9 months ago IST
The Reserve Bank of India (RBI) is closely tracking the developments of the compilation of new global standards of macroeconomic statistics, highlighted RBI Governor Shaktikanta Das, at the 18th Statistics Day Conference in Mumbai on Friday.
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"India is at the threshold of a major structural shift in its growth traje
Updated : 1 year, 9 months ago IST
Mumbai (Maharashtra) [India], June 26: India is at the threshold of a major structural shift in its growth trajectory, moving towards 8 percent GDP growth in a sustained manner, said RBI Governor Shaktikanta Das. He was speaking at the 188th AGM of Bombay Chamber of Commerce & Industry.
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