The Latest Breaking News from Shaktikanta Das

RBI’s Monetary Policy Committee decision to leave interest rates unchanged even as the central bank warned of the major risk that ‘high inflation’ poses to macroeconomic stability is a clear sign that monetary authorities find themselves caught in a cleft stick.

How quickly policymakers intercede in the months aheasd will determine their inflation-fighting mettle

RBI proposes to increase UPI Lite per transaction payment limit to ₹500 and enable 'Conversational Payments' on UPI, 'UPI-Lite' on-device wallet and offline payments on UPI using NFC technology to further deepen digital payments in India. This will help in faster, reliable and contactless mode of payments for everyday small…

RBI unveils framework allowing borrowers to switch to fixed interest rate from floating rate, providing relief to home, auto loan borrowers. Revised framework for Infrastructure Debt Funds (IDFs) to enable greater financing of infrastructure sector.

The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected. Read further on Dynamite News:

RBI retains GDP growth projection at 6.5% for FY20-21; raises inflation projection to 5.4% due to vegetable prices. Recovery in kharif sowing, services & consumer optimism to support household consumption.

Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the rate unchanged at 6.5%

Achieving durable disinflation must remain a non-negotiable goal, especially amid widening income inequality and high unemployment

Repo rate refers to the interest rate at which the RBI lends to commercial banks. Read further on Dynamite News:

The Reserve Bank on June 8 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50% and retained the GDP growth projection for current fiscal year at 6.5%, on the back of supportive domestic demand conditions.

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