The RBI has paused because it wants to evaluate the cumulative impact of the past rate hikes
"It is now necessary to assess the cumulative impact of our action taken so far"
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After six consecutive hikes aggregating 250 bps, RBI hits a pause
The central bank's surprise decision to hold its key repo rate steady, at 6.5 per cent
Das said RBI is keen to assess the cumulative impact of the rate actions done till now
Catch all the updates of the live address by Reserve Bank of India's Governor Shaktikanta Das on the decision by the Monetary Policy Committee on repo rate
According to RBI Governor Shaktikanta Das, the above measures will further enhance consumer protection
Das said India's services exports continued to grow at a healthy pace in the first two months of 2023
RBI governor makes it clear that if required, MPC could hike rates in future meetings
RBI repo rate: The MPC decision to hit the pause is for this policy cycle only, says RBI governor Shaktikanta Das
RBI Monetary Policy decision: The speech can be watched on RBI's YouTube channel. It will be broadcast on PIB's YouTube channel as well
RBI MPC: If the RBI announces another rate hike tomorrow, it will take the repo rate to the highest level since April 2016, when it was 6.75 per cent
Says banks have a role to play by making finance available to incentivise sustainable initiatives
The new data centre and the training institute spread over 18.55 acre, when commissioned, will cater to the emerging requirements of the Reserve Bank and the financial sector, it added
Shaktikanta Das lays foundation of the new greenfield data centre and enterprise computing and cybersecurity training institute in Bhubaneshwar
At a time when India has assumed the presidency of G20, Das said globalisation must produce better outcomes for all, and not just a few
RBI governor Das cautions banks against any build-up of asset-liability mismatches
PM Modi said that it was a matter of immense pride for the country that Governor Shaktikanta Das has been awarded the 'Governor of the Year' award for 2023 by international publication Central Banking
It says Das faced many challenges; he was a 'voice of calm' amid Covid-19 crisis