The meeting took place at the finance minister's North Block office. Sources said that the meeting lasted around 20 minutes and was considered customary following the MPC meeting
Its better we stick to monetary policy, says RBI governor Shaktikanta Das
Markets Highlights: Broader markets outperformed the benchmarks indices on Friday after the RBI left key rates unchanged and announced a 50 bps cut in CRR, while lowering its GDP forecast
RBI Monetary Policy Meeting Dec 2024 Updates: Catch all the updates here
RBI governor Shaktikanta Das said that the CRR reduction will release Rs 1.16 trillion into the banking system, providing additional liquidity and enable banks to extend more loans
The RBI Governor Shaktikanta Das in his MPC announcement said that factors like frequent weather disruptions, geopolitical tensions, and financial market volatility pose significant risks to inflation
Meeting begins on Wednesday against backdrop of Q2 GDP growth slowdown
Das himself has largely refrained from discussing his own future, telling Bloomberg a few months ago that he's focused on his work at the RBI
Says India well-placed to deal with any spillover effects of global shocks
'In the long run, price stability supports sustained high growth. Price stability is also important because high inflation is disproportionately burdensome on the poor'
The RBI has used its nearly $700 billion forex pile to prevent wild swings in the rupee, making it one of the least volatile currencies in the world
Das has already been the RBI's governor for longer than the typical five-year maximum of recent decades and a further extension would make him the longest-serving since Benegal Rama Rau
Business Standard BFSI Summit 2024 highlights: Catch all the updates related to the BFSI summit here
A change in stance does not signal an immediate rate cut, the Governor said
Business Standard BFSI Summit 2024 updates: Catch all the updates related to the BFSI summit here
RBI Governor Shaktikanta Das discusses inflation outlook and economic resilience at the Business Standard BFSI Insight Summit
RBI Governor explains regulatory actions in conversation with Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit
The dollar index climbed 1.5 per cent to a four-month high of 105.19 as trends signalled an edge for Republican candidate Donald Trump, prompting interest in so-called 'Trump trades.
RBI Governor Das gets the A+ grade for second consecutive year; key areas, including inflation control and economic growth targets, evaluated
Balance between inflation & growth is well-poised, the Indian economy reflects a picture of stability and strength, said Shaktikanta Das