The Reserve Bank of India’s Monetary Policy Committee (RBI MPC) has decided to keep the repo rate unchanged at 6.5 per cent for the 11th consecutive time, Governor Shaktikanta Das announced on Friday.
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
MPC is largely expected to hold the key policy rate steady at 6.5 per cent for the eleventh straight meeting, but a few economists have forecast a 25 basis points (bps) cut
The RBI's crucial Monetary Policy review is underway, with Governor Shaktikanta Das set to reveal key decisions on December 6 at 10 am. Here's what you need to know
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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
A survey conducted by Business Standard revealed that majority respondents believed that the RBI might revise its growth and inflation projections for the financial year
Below is a list of RBI governors over the past two decades, their appointment announcements, and dates of joining
Twenty-one of 48 common contributors who provided rate forecasts last month and this month pushed their expectation for the first rate cut from December to February or later
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Says India well-placed to deal with any spillover effects of global shocks
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According to an Apollo Hospital medical bulletin, Das experienced acidity on Monday night and was admitted to the hospital
Das had been admitted to hospital in the southern city of Chennai and was kept under observation, the spokesperson said in a statement
RBI Governor Shaktikanta Das has been admitted to Apollo Hospital in Chennai; RBI spokesperson said that he is doing fine now and will be discharged soon
'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