Page 25 - Shaktikanta Das

We've lowered size of policy rate change, RBI's Das and Patra tell media

Battle against inflation is far from over though the worst is behind us; moderation of inflation will be grudging and uneven, they say

RBI monetary policy review: Is it time to pick fixed-income securities?

Despite a repo rate increase on expected lines, equity markets edged lower as the governor rang alarm bells over sticky core inflation

Digital currency like cash, no need for lack of privacy fears: RBI Guv

RBI has decided to enhance the mandates of United Payment Interface, expand the scope of BBPS and ensure privacy of people in the case of digital currency transactions, said Governor Shaktikanta Das

Foreign regulators must respect our credibility: RBI governor on ESMA row

On Oct 31, ESMA de-recognised CCIL apparently over RBI's refusal to grant audit and inspection rights; Move has potential to hamper bond and derivative trading operations of European banks in India

Indian entities can hedge gold price risk at IFSC, says RBI Guv Das

Indian entities can hedge their exposure to gold price risk in overseas markets on recognised exchanges in the International Financial Services Centre, Gujarat, said RBI Governor Shaktikanta Das

Agriculture sector remains resilient; Rabi sowing off to strong start: RBI

Reserve Bank Governor Shaktikanta Das on Wednesday said the agriculture sector remains resilient, and the rabi sowing has got off to a strong start. However, India is expecting some moderation in kharif production due to uneven rainfall. India's total kharif crop production is estimated to moderate to 149.92 metric million tonnes (MMT) from 156.04 MMT in the previous kharif crop year, as per the first advance estimate. On the supply side, Das said, "The agricultural sector remains resilient. Rabi sowing got off to a strong start. The area sown so far is 6.8 per cent higher than the normal sown area (as on December 2, 2022)". Area sown to wheat has increased by 5.36 per cent year-on-year to 211.62 lakh hectares in the first two months of the ongoing rabi (winter) season, with higher coverage being reported in Rajasthan, Bihar and Uttar Pradesh, according to the agricultural ministry data released on Friday. The sowing of wheat, the main rabi crop, begins in October and harvesting i

Sensex falls 216 pts, Nifty below 18,600 on RBI's moderately hawkish policy

CLOSING BELL: The central bank increased repo rate by 35 basis points and lowered GDP growth forecast for FY23 to 6.8 per cent as it remained cautious of a sticky core inflation amid global turmoil

RBI MPC: Here is what experts have to say about the policy announcement

Despite some signs of moderation, RBI Governor Shaktikanta Das said the main risk was that inflation would remain sticky and elevated

RBI MPC: How central bank's stance on GDP, inflation changed in 2022

The RBI MPC cut down the Gross Domestic Product (GDP) growth projection for FY23 from 7 per cent in the September announcement to 6.8 per cent

Other countries should trust credibility of Indian regulations: RBI Guv Das

The India of today is different from what it was earlier and regulators of other countries should trust the credibility of Indian regulations, Reserve Bank of India Governor Shaktikanta Das said

RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8%

RBI governor Shaktikanta Das emphasises concerns on core inflation, says overall price momentum high

RBI Monetary Policy: Expect 35 bps repo rate hike tomorrow, say experts

RBI Policy: After an initial rate hike of 40 basis points on May 4, the RBI has hiked the repo rate by 50 basis points thrice, on June 8, August 5 and September 30

Cooling prices give Reserve Bank of India space to slow interest-rate hikes

Das will announce the rate decision through a webcast at 10 am in Mumbai on Wednesday, and will address a press conference at 12 pm.

A 35-basis-point rate increase could be par for the course

This will take the policy rate to 6.25% and the RBI can continue with an open-ended statement, refraining from sounding dovish

Risk of global hard landing, but India differently placed: Shaktikanta Das

Das had said earlier this year that the RBI was striving to ensure a 'soft landing' for the Indian economy while bringing domestic inflation back to the central bank's 4 per cent target over a period

With war in Europe, world encountering food, energy crisis: Shaktikanta Das

The war in Europe brought with it new challenges, just when the economy was about to normalise fully despite the third wave of the COVID-19 pandemic and suddenly, the world encountered a severe food and energy crisis, Reserve Bank Governor Shaktikanta Das said on Saturday. Delivering the inaugural address at the annual research conference of the Department of Economic and Policy Research of RBI here, Das said the COVID-19 pandemic crisis created an opportunity to explore and harness the power of big data and strengthen direct feedback mechanisms while working from home. He further said the pandemic also posed new research issues and analytical challenges for policy-making as it caused a demand shock or a supply shock, the size and nature of policy stimulus required, and their effectiveness, among others. The RBI Governor said the first major challenge was data collection during the first wave of the pandemic and the associated statistical break in data. During the second wave which

Keep eye on macroeconomic scene: RBI to banks amid deposit growth concern

Concerned over deposit growth lagging high credit offtake; seeks views on collection, IT infra, DBUs

Indian banking sector resilient despite challenges: RBI Governor Das

Das made these remarks during a review meeting with Chairpersons of public sector banks and some private sector banks, which was also attended by other senior officials of the RBI

Why is the RBI governor worried about deposit growth?

Gauging sustainability of the credit growth in banking sector and the slow growth in deposits will be on the agenda of RBI Governor's meeting today. Why has deposit growth become a cause for concern?

RBI governor Shaktikanta Das to meet bank chiefs ahead of monetary policy

Like to discuss issues related to growth, interest rates