Page 11 - Shaktikanta Das

'We expect a hike in deposit rates', says RBI Governor Shaktikanta Das

'With regard to breaching the inflation target framework, we will deal with it as and when the situation arises'

Most e-lending apps not registered with RBI: Governor Shaktikanta Das

The RBI website has a list of apps that are registered with it on the website, the governor said

RBI monetary policy: Missing inflation mandate now a 'fait accompli'

Consumer price index-based inflation, the yardstick of the RBI in monetary policy making, was, on average, above 6 per cent during the January-March quarter

RBI allows credit cards to be linked to UPI; marks shift from 'pay now'

Initially, home-grown card network Rupay Credit cards will be linked with UPI

Expect current account deficit to remain at sustainable level: RBI Governor

The current account deficit (CAD) will remain at a sustainable level and the normal flows will help the Reserve Bank of India (RBI) to finance it, Governor Shaktikanta Das said on Wednesday. He also said the Indian economy is well placed to deal with geopolitical challenges. "We expect the current account deficit to remain at sustainable level and the normal flows will enable us to meet the financing of the current account deficit," Das told reporters during the post-policy press conference. The country's current account deficit increased to USD 23 billion, or 2.7 per cent of GDP, in the third quarter of FY 2021-22 from USD 9.9 billion or 1.3 per cent of GDP in the second quarter and USD 2.2 billion (0.3 per cent of GDP) in Q3 of fiscal 2020-21. The widening of CAD in Q3 FY22 was mainly on account of higher trade deficit. Das said there has been a rise in exports and imports. "Higher exports are the good signs of the economy. Higher imports also augur well and it means that there

Up to govt to decide on supply-side measures to contain inflation: RBI Guv

RBI Governor Shaktikanta Das said the government is "mindful" of the current inflation situation, and it is up to the Centre to take further supply-side measures to contain the price rise situation

EMIs to rise as RBI hikes repo rate by 50 bps, signals more increase

The increase in lending rate or the repurchase rate (repo) by 50 bps -- the biggest in more than a decade -- to 4.90 per cent comes on the back of a 40 bps hike last month

I am sure govt is mindful of inflation situation: RBI Governor Das

RBI Guv Shaktikanta Das on Wednesday said the govt is "mindful" of the current inflation situation, and it is up to the Centre to take further supply-side measures to contain the price rise situation.

RBI bats for cut in state taxes on petrol, diesel to ease inflation

Further reduction of State VATs on petrol and diesel across the country can certainly contribute to softening of the inflationary pressures as well as expectations: Shaktikanta Das

RBI says 75% of rise in inflation projection for FY23 due to food

RBI Governor Shaktikanta Das, while estimating India's overall retail inflation for FY23 at 6.7%, said that the 75% of the increase in inflation projections can be attributed to the food group.

RBI strikes good balance between inflation and growth: Experts on rate hike

All the measures, including banking tweaks, to promote affordable housing seem to be unorthodox and practical, with the RBI playing its central bank role almost perfectly, says Finology Ventures CEO

Further cut in state VAT on fuels can soften inflationary pressure: RBI Guv

Das said in his remarks while spelling out the outcome of the ongoing monetary policy review meeting that started on Monday.

RBI rate hike may see rate sensitive stocks bottom out. Time to buy?

Shares of banks and NBFCs seem to be better placed on the charts, while that of automobile, realty and others need to sustain above the crucial levels.

RBI policy: From rate hike to inflation worries, here are 5 key takeaways

The RBI governor announced a second consecutive hike in policy rates and highlighted geopolitical risks. Here are the highlights.

RBI raises repo rate to 4.9%; expects inflation to hurt for 3 quarters

Inflation forecast increased to 6.7% for FY23; GDP forecast retained at 7.2%

RBI Monetary Policy meet: Here's what transpired in the last 8 meetings

The Central bank's MPC meet comes in the backdrop of high inflationary concerns and evolving geo-political scenarios, including Russia's invasion of Ukraine

Liquidity withdrawal expected as RBI set to hikes rates on Wednesday

RBI Governor Shaktikanta Das said late last month the bank's primary focus was to bring inflation down closer to target but it could not disregard concerns around economic growth

RBI's MPC starts 3-day deliberations amid speculation of rate hike

There are speculations that the central bank may go for at least 35 basis points (bps) hike over and above the 40 bps hike effected last month after an off-cycle MPC meeting

Another rate hike on cards, say experts ahead of RBI's MPC meeting

Reserve Bank is likely to increase the benchmark lending rate in quick succession in monetary policy review for which has already been given by Governor Shaktikanta Das, opined experts.

RBI to hike repo rate by 50 bps, lower FY23 growth to 7% in June: Barclays

The central bank will likely revise its inflation estimate to 6.2-6.5 per cent, which is way above the upper end of its tolerance band of 2-6 per cent, the economists at Barclays said