The MPC is faced with the grim prospect of missing its inflation mandate - which is to maintain average inflation between 2-6% for three consecutive quarters
The adverse effects of the unprecedented high global food prices due to the ongoing geopolitical situation is reflecting in the domestic market as well
At 02:27 PM: Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Auto and Nifty Auto index were down between 1.3 per cent and 2 per cent on the NSE.
In the last policy meeting in April, the monetary policy committee (MPC) of the RBI had shifted its focus to tackle the rising inflation in India after the Russian invasion of Ukraine
Notwithstanding economic uncertainties triggered by the Russia-Ukraine war that is also impacting the global supply chain, Jalan said it is not going to affect India's economic performance
Central bank communication had moved decisively from "secrecy" to "transparency and accountability" over the decades.
Shaktikanta Das was also quick to add that he expects retail inflation to moderate going forward
The Budget had indicated that green bonds are part of the overall borrowing for the next financial year
The Reserve Bank's inflation projections, Das said, are "robust" but contingent on downside and upside risks associated with the movement of global crude oil prices
There's a sort of major delicate balance between inflation and growth and the Reserve Bank is fully aware of its commitment to inflation, says Shaktikanta Das
'Our assessment and the resultant policy move are fully-geared by the evolving domestic inflation and growth scenarios'
In her Budget 2022-23 speech, Finance Minister Nirmala Sitharaman had announced that the RBI will introduce a digital currency in the next financial year beginning April 2022
In November last year, the working group on digital lending, including lending through online platforms and mobile apps, had submitted their recommendations
He added that it is his duty to caution investors, and told them to keep in mind that they are investing at their own risk
RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) is scheduled to announce the policy resolution on Thursday
The upcoming Budget should focus on creating jobs and bridging the widened inequality in the economy besides accelerating growth, former RBI Governor D Subbarao said on Thursday
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He also said that RBI remains committed to ensuring that the banking system remains robust and resilient
RBI Governor Shaktikanta Das and Deputy Governors Michael Debabrata Patra and T Rabi Sankar spoke to the media on several issues
In his speech, the RBI governor had alarmed a few bankers, especially the private ones, by stating the RBI is watching closely banks driven solely by profit motive