Page 3 - Rbi Governor

RBI's MPC meets to draft letter to govt on missing inflation target

The meeting was chaired by RBI Governor Shaktikanta Das and attended by all the other five members of the rate setting panel

Not in a hurry to launch CBDC; have to proceed carefully: RBI Guv Das

Central bank to consider findings of pilot projects before decision, he says

Foreign exchange reserves fall to $525 billion, lowest since July 2020

So far in 2022, the Indian currency has weakened 9.9 per cent against the US dollar

RBI norms on unhedged Fx exposure unlikely to impact banks much

In June, the RBI had said that of the outstanding ECBs of $180 billion, 44 per cent was unhedged

As MPC fails on CPI mandate, RBI's growth-inflation balance gets trickier

The central bank will now have to provide a report to the government explaining the reasons for the failure and the steps to be taken

India's core sector output growth slips to nine-month low in August

The Reserve Bank of India (RBI) on Friday pared its growth forecast for FY23 to 7 per cent from 7.2 per cent estimated earlier

Banks can boost liquidity by drawing down on CRR: RBI governor Das

The fall in the liquidity surplus is owing to multiple factors, including the RBI's interventions in the forex market and a sharp pick-up in bank credit growth, which is currently at nine-year highs

System ready for tokenisation, says RBI deputy governor T Rabi Sankar

Roughly 350 million tokens have been created so far, Rabi Sankar said in the post-monetary policy press conference.

Red signals for fintech industry: The valuations game of the past is over

RBI Governor Shaktikanta Das' traffic light imagery for the fintech industry has several implications

Rupee held its own despite sharp depreciation in other currencies: RBI Guv

Das said that the Indian rupee has "held its own" and moved in an "orderly manner at a time of sharp depreciation in other currencies"

'Think of the worst': RBI Governor Das nudges banks to raise capital

Inflation has peaked, expect CPI at 5% in April-June, he says

CAD may touch nine-year-high in Q1FY23 as net exports soar

India's CAD stood at 1.5% of GDP in the March quarter of FY22 compared to a CAD of 2.6% of GDP in the preceding quarter of FY22

India $5-trn economy by FY29 only if it grows at 9% for 5 yrs: Ex-RBI Guv

I see eight key challenges for India to overcome to achieve the dream of USD five trillion economy," a press release from FTCCI quoted Subbarao as saying.

CAD of 2.5-3% can be sustained without external sector crisis: RBI DG Patra

India's economy is predicted to overtake that of the US by 2048, said Patra

Cooling food prices pull inflation down to five-month low in July

Industrial output remains robust

RBI Policy: How has inflation fared since the last monetary policy meeting?

Ever since the RBI MPC started to hike the repo rate in May, CPI inflation has eased from 7.79 per cent in April to 7.01 per cent in June

Bulk of India Inc's overseas debt is hedged: RBI governor Shaktikanta Das

Comments follow huge pressure on ruper versus the dollar due to record outflows from domestic equity markets amid elevated commodity prices and higher US interest rates

Digital lending firms should operate under licence granted: RBI governor

Central bank last month banned the loading of prepaid payment instruments from credit lines

Rupee holding up well relative to EM peers, advanced economies: RBI Guv

Reserve Bank Governor Shaktikanta Das on Friday said the rupee is holding up relatively well when compared to the currencies of emerging market peers and advanced economies. Days after the domestic currency breached the 80-level against the dollar, Das said Reserve Bank of India (RBI) has zero tolerance for volatile and bumpy movement in the rupee and added that the central bank actions have helped in smoother movement. He said RBI has been supplying US dollars to the market to ensure adequate supply of liquidity to the market and also clarified that the central bank does not target a particular level for the currency. Further, Das said there was no need to be alarmed by unhedged exposures on foreign borrowings. Bulk of such exposures are by state-owned companies and the government can pitch-in with help if need be, he added. According to him, the inflation targeting framework has worked well since adopting it in 2016 and stressed that the same should continue in the interest of th

R Gandhi, Gopalakrishnan cease to be directors on Yes Bank board: RBI

Former RBI Deputy Governor R Gandhi and professor Ananth Narayan Gopalakrishnan have ceased to be additional directors on the board of Yes Bank following a new board in place.