Page 8 - Shaktikanta Das

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

Shaktikanta Das seeks to shield growth as RBI prioritises inflation fight

"We are seeing signs of slowdown globally and it will have an impact on India," Das said in an interview with television channel Zee Business on Friday

Reserve Bank can hike repo rate to 6% by December, say economists

The RBI rate hike expectations come despite economists predicting a moderation in inflation due to slump in global commodities and easing supply chain bottlenecks

RBI's digital lending guidelines: A tectonic shift in the fintech world

With the central bank having issued new guidelines governing the lending activities of financial technology firms, some may find themselves fighting for survival

RBI aims to bring down inflation to 4% in two years: Shaktikanta Das

Central bank hopes to achieve its objectives without too much 'growth sacrifice', he says

India bond yields up for fourth day in a row as inflation, US yields weigh

The benchmark 10-year government bond yield ended at 7.2811%. The yield has risen 9 basis points in last three sessions and had ended at 7.2702% on Monday.

Inflation to ease to 4% in two years after peaking, says RBI Governor

The RBI has raised policy repurchase rate by a total of 140 basis points since May, including back-to-back half point increases in June and August, to cool down inflation within its mandate

MPC minutes suggest further repo rate hikes to tackle rising inflation

Sequence of policy measures is expected to anchor inflation expectations, said Das

Retail Inflation 'unacceptably and uncomfortably' high: RBI Governor at MPC

RBI Governor Shaktikanta Das said the retail inflation is "unacceptably and uncomfortably" high and proposed the 50 basis points hike in repo rate at the recent monetary policy review meeting. The other members of the Monetary Policy Committee (MPC) had expressed similar views, according to the minutes of the meeting released by the Reserve Bank of India (RBI) on Friday. At its meeting from August 3 to 5, MPC decided to increase the benchmark lending rate by 50 basis points to 5.40 per cent with a view to tame inflation. The sequence of policy measures, Das said, "is expected to strengthen monetary policy credibility and anchor inflation expectations". "Our actions would continue to be calibrated, measured and nimble depending upon the unfolding dynamics of inflation and economic activity," he said. According to RBI Deputy Governor Michael Debabrata Patra, frontloading of monetary policy actions "can keep inflation expectations firmly anchored, re-align inflation with the target a

Monetary policy: Negative interest rates are a matter of concern, says RBI

With regard to repo rate actions, if you look at other central banks, 50 bps has become the new normal. And, quite a number of central banks are hiking rates by 75-100 basis points: Shaktikanta Das

Banks can't rely on RBI money 'perennially' for credit demand: Governor Das

Slow deposit growth may create funding challenging for lenders in the festival season

LIVE: More than 60 Congress MPs released after 6 hours of detention

Latest news Live updates: Former Congress chief Rahul Gandhi, Priyanka Gandhi Vadra, K C Venugopal, Adhir Ranjan Chowdhury and Gaurav Gogoi were among the MPs detained

Developments in Taiwan will not impact India, says RBI Governor Das

The Governor said Taiwan accounts for only 0.7 per cent of India's overall trade and the capital flows from the island are also not very high.

BBPS inward payments to deepen cross-border payment ecosystem in India

Bharat Bill Payment System (BBPS), under the aegis of the RBI, allows recurring utility bill payments through an integrated platform

RBI Monetary Policy 2022: RBI MPC, Key points, changes, Repo Rate history

RBI surges repo rate by 50 bps to 5.4%; 10-year-old bond yields up by 10 bps to 7.25%. Here are all the key points and changes in RBI MPC in August 2022 you need to know.

MPC rate hikes likely to continue till CPI inflation recedes below 6%

Another rate hike predicted for September 2022, even if the quantum is as small as 10 bps

MPC hikes repo rate by 50 bps to 5.40%; Covid-era cuts reversed entirely

Committee retains FY23 CPI forecast at 6.7%, flags uncertainty on inflation trajectory

What to expect from the RBI's upcoming monetary policy announcement?

In the last policy announcement on June 8, the Reserve Bank of India (RBI) announced a repo rate hike of 50 basis points to take the rate from 4.4 per cent to 4.90 per cent

Monetary policy: RBI likely to return interest rates to pre-pandemic levels

With Federal Reserve officials signaling a pause is out of the question until they see evidence of inflation easing, RBI watchers will be closely monitoring Governor Shaktikanta Das's remarks

RBI MPC meeting begins amid expectations of 3rd consecutive rate hike

Headed by RBI Governor Shaktikanta Das, the Monetary Policy Committee (MPC) is scheduled to announce its decision on August 5.