In a surprise move, but as part of the clean note policy, the Reserve Bank had on May 19 ordered the recall of the Rs 2,000 banknotes worth around R 3.62 trillion
Governor Shaktikanta Das has said the Reserve Bank will strive to get headline inflation to its 4 per cent target but flagged El Nino as a challenge to its efforts
External members, however, point out high real rate, minutes show
Waning of base effect and uncertainty over monsoon may come in the way of disinflation, going forward
The organisers of the award said that Das' tenure which began in 2018, has been marked by a series of grave challenges, starting with the collapse of a major non-banking firm
Reserve Bank Governor Shaktikanta Das on Tuesday said the disinflation process in India will be slow
The I-T department is keeping a close watch on cash transactions that deposit more than Rs 10 lakh in a saving account or more than Rs 50 lakh in current accounts
The weather announcement on Thursday provided some relief to the rate-setters and millions of farmers across India, but the concerns are not quite over
Followed by the RBI decision, fintech companies were forced to look at alternate options like co-lending small ticket loans, co-branded partnerships and revenue-sharing models
'Banks have been cautious. I think there is still some amount of liquidity sitting there', said Das
After unanimously pausing for the second time in a row, the Reserve Bank on Thursday reiterated that leaving the key rates and the stance unchanged is not a pivot but only a pause
In the aftermath of the pandemic, the RBI was tolerating inflation at the higher end of the band. Now, the focus is on bringing it down to the 4% target
RBI repo rate: RBI governor Shaktikanta Das said that the MPC decided unanimously to keep the benchmark rate unchanged at 6.5 per cent
RBI governor Shaktikanta Das added that out of all the notes that have been coming back, 85 per cent have come back in the form of bank deposits
The Indian rupee remained mostly unchanged after the policy decision, while the benchmark 10-year bond yield rose to 7.01%
RBI Monetary Policy: The rate-setting committee decided to continue with its stance of 'withdrawal of accommodation'
RBI policy: Shaktikanta Das will announce the MPC decision today at 10 am
RBI Monetary Policy: This will be the third time in 2023 that the MPC will announce its policy decision
Thursday's policy review will help shape the rupee's fortunes, with traders expecting little reprieve after the currency fell under the weight of a stronger greenback in May
The Governor of the RBI has for the first time provided a peek into the power structures within bank boards