RBI Governor Shaktikanta Das to make unscheduled statement at 2 pm

Reserve Bank of India Governor Shaktikanta Das is set to make an unscheduled statement on YouTube at 2 PM on Wednesday, the central bank said in a social media post.

RBI has not indicated the subject of the statement.

The yield on 10-year benchmark bond spiked 9 bps to touch 7.2% after the news.

The last time such an unscheduled statement was made by Governor Shaktikanta Das was during the peak of the first wave of the coronavirus (Covid-19) pandemic in May. In May, RBI called an unscheduled meeting of the Monetary Policy Committee (MPC) – the rate setting body – and announced