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The Latest Breaking News from Shaktikanta Das

MPC meet: No impact on EMIs as RBI keeps repo rate unchanged at 6.5%

NEW DELHI: For the third time in a row, the RBI's high-powered monetary policy committee decided to keep the repo rate unchanged at 6.5 per cent. The repo rate is the interest rate at which the RBI lends money to commercial banks.

The Times of India

Indian economy makes solid recovery despite global headwind: RBI governor Das

MUMBAI: Reserve Bank governor Shaktikanta Das on Wednesday said that the Indian economy has made a solid recovery and is among the fastest-growing large economies despite heightened uncertainties and formidable headwinds.

The Times of India

Unwavering focus: On the Monetary Policy Committee’s approach to policy

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

The Hindu

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read the most diverse news in one place.

RBI keeps repo rate unchanged at 6.5 per cent as inflation softens

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

Dynamite News

RBI holds rates, vows to keep price stability

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.

The Hindu

Morning Digest | Ron DeSantis launches 2024 presidential bid to challenge Donald Trump; GDP growth may cross 7% in 2022-23: RBI Governor, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

Morning Digest | No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das; wrestlers accept Brij Bhushan’s demand for a narco test under SC supervision, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

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No proposal to introduce ₹1,000 note, says RBI governor

NEW DELHI: RBI governor Shaktikanta Das on Monday said there was no proposal to introduce Rs 1,000 notes and insisted that the decision to withdraw the high-value notes was part of the RBI’s clean note policy and the purpose of remonetisation, following the 2016 demonetisation, has been achieved. Das also…

The Times of India

No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das

Seeking to allay concerns about the legal tender status of ₹2,000 currency notes after the September 30 deadline for their exchange or deposit, Reserve Bank of India Governor Shaktikanta Das stressed there is no need to rush to the banks and signalled the last date is only meant to nudge…

The Hindu

RBI expects return of most Rs 2,000 currency notes in circulation by September 30: RBI governor

NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said most of the withdrawn Rs 2,000 rupee notes are expected to be returned by the deadline of September 30.

The Times of India

Cumulative impact of monetary policy actions still unfolding: RBI governor in MPC meeting

MUMBAI: RBI governor Shaktikanta Das, in the rate-setting panel meeting earlier this month, opined that the cumulative impact of the monetary policy actions over the last one year is still unfolding and needs to be monitored closely, as per the MPC minutes released on Thursday.

The Times of India

RBI decides to keep repo rate unchanged at 6.5 pc

The Reserve Bank of India has decided to keep the key benchmark interest rate - repo rate - unchanged at 6.5 per cent with readiness to act should the situation so warrant, Governor Shaktikanta Das announced on Thursday, after a two-day monetary policy (MPC) meeting. Read further on Dynamite News:

Dynamite News

RBI keeps repo rate unchanged at 6.5%

NEW DELHI: In a surprise move, the Reserve Bank of India's monetary policy committee (MPC) on Thursday decided to keep the repo rate unchanged at 6.5%, RBI governor Shaktikanta Das said.

The Times of India

Break up India’s biggest companies, former deputy governor of RBI Viral Acharya says

MUMBAI: India’s biggest conglomerates, which wield immense pricing power in the retail, resources and telecommunication sectors, are contributing to elevated inflation and should be broken up, a former central banker said.

The Times of India

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The Times of India

Daily UPI transactions jump 50% to 36 crore: RBI governor

MUMBAI: Reserve Bank of India governor Shaktikanta Das on Monday said payments through UPI (unified payment interface) have grown exponentially in the past 12 months with daily transactions crossing 36 crore, which is up 50 per cent from 24 crore in February 2022.

The Times of India

Global uncertainty complicates fight against inflation: MPC minutes

MUMBAI: The continuing global uncertainty has complicated the fight against inflation, opined Reserve Bank deputy governor Michael Debabrata Patra during the Monetary Policy Committee meeting held on February 8.

Dynamite News

RBI Proposes UPI Payments Facility For Inbound Travellers

Taking into account the popularity of the UPI payment system, the Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country. Read further on Dynamite News:

Dynamite News

RBI MPC Raises Repo Rate By 25 BPS To 6.5 pc

The Monetary Policy Committee (MPC) of the Reserve Bank of India decided to raise the key benchmark interest rate by 25 basis points to 6.5 per cent on Wednesday. Read further on Dynamite News:

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The Times of India

RBI's Monetary Policy Committee meeting starts amid expectations of lower rate hike

MUMBAI: RBI governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Monday amid expectations of a smaller 25 basis points rate increase or a pause on the rate hiking spree that started in May last year to check inflation.

The Times of India

Top trending national stories

According to the RBI governor, it would take seven to eight months for earlier rate hikes to impact inflation. "In an easing situation, infusion of liquidity is faster, but in a tightening situation, it takes longer" he said.

The Times of India

Cryptos are nothing but gambling, their value only make-believe: RBI governor

MUMBAI: Reserve Bank governor Shaktikanta Das on Friday reiterated his call for an outright ban on cryptocurrencies, saying these are “nothing but gambling” and their perceived “value is nothing but make-believe."

The Times of India

Retail inflation eases to 5.72% in December, lowest in a year

NEW DELHI: India's retail inflation, as measured by the consumer price index (CPI), eases to 5.72% in December 2022, data released by the government showed on Thursday.

The Times of India

Indian economy presents a picture of resilience amid global shocks: RBI governor Shaktikanta Das

MUMBAI: Amid global shocks and challenges, the Indian economy presents a picture of resilience and the regulators are ready to take appropriate actions to preserve financial stability, RBI governor Shaktikanta Das said on Thursday.

The Times of India

Missed inflation target, digital currency pilot mark RBI's 2022 map; growth vector to dominate ahead

MUMBAI: The Reserve Bank of India failed to deliver on its contracted inflation target for the first time, started fiat digital currency pilot and finally saw its efforts to improve bank balance sheets see fruition in 2022, making it a mixed year for the central bank.

The Times of India

Pause in rate hike could be costly policy error: RBI governor Shaktikanta Das in MPC meeting

MUMBAI: A premature pause in rate hike at this juncture could be a costly policy error as the battle against inflation is not over, RBI governor Shaktikanta Das opined while voting for 35 basis-point raise in the key lending rate earlier in the month, said minutes of the MPC meeting…

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