There has to be a two-sided appreciation of the challenges" emerging markets face dealing with spillover effects of advanced economy policies, said
The RBI Governor, Shaktikanta Das, had said on Friday that the central bank might conduct open market operations to mop up excess liquidity
During the visit, it said, Sitharaman and RBI Governor Shaktikanta Das will co-chair the fourth G20 Finance Ministers and Central Bank Governors (FMCBG) meeting
Value has nearly doubled in the period after the Covid-19 pandemic
The SDF rate is 6.25 per cent, which is lower than the call money rate
Das said that it will 'actively' manage the liquidity in the economy. The central bank will undertake open market operations to do so
Regulator will also harmonise rules for internal ombudsman mechanism of REs
Market participants believe that the transmission did not occur because surplus liquidity in the banking system remained high due to several reasons, including the withdrawal of the Rs 2,000 banknote
There are several moving parts in the whole liquidity scenario. We will watch the evolving trends and notify as and when necessary: Das
Some see another hike in interest rates
Invoking Kautilya's Arthashastra, Das said macroeconomic stability and inclusive growth are the fundamental principles underlying a country's progress
He said the government is, by and large, sticking to the fiscal consolidation roadmap after the end of the pandemic, which had seen some expansion because of the high spending
As the banker to the government, the RBI does not have any worry on the central government finances, Das said
RBI policy: In the last bi-monthly announcement in August, the MPC decided to keep the benchmark repo rate unchanged at 6.5% for the third time in a row. Check all LIVE updates for today's MPC here
Rate-setting panel considers high inflation as risk to macroeconomic stability and sustainable growth, says Shaktikanta Das
RBI MPC has decided to continue with the pause on repo rate at 6.5 per cent for the fourth time in a row
RBI policy: Shaktikanta Das said that real GDP forecast for 2023-24 has been retained at 6.5% by MPC
Experts have said that RBI is likely to keep the repo rate unchanged at 6.5 per cent in view of elevated inflation and other global factors
The Reserve Bank started increasing the policy rate in May 2022 in tranches, in the wake of the Russia-Ukraine war and took it to 6.5 per cent in February this year
The target was achieved in the first two and a half years of implementing inflation targeting in Oct 2016, but the inflation rate remained above the goal