When asked about the order, Das said it would be internally deliberated upon, if at all there are issues arising out of it
Earlier this month, the central bank opted for a status quo on the benchmark interest rate, amid signs of hardening inflation and an uncertain global environment
Das also clarified that at the moment there is no plan to monetise government deficit
At the sixth bi-monthly policy announcement, where the policy rates were left unchanged, the Reserve Bank announced long-term repurchase agreements (repos) of one-year and three-year tenors
The RBI has cumulatively cut the repo rate by 135 basis since February 2019 to a nine-year low of 5.15 per cent
The monetary policy committee (MPC) kept the policy repo rate unchanged at 5.15 per cent, continuing with the accommodative stance to revive growth
Going forward, the inflation outlook is likely to be influenced by several factors like food inflation, crude prices and input costs for services, RBI said
The retail inflation that for several months remained in the comfort zone of the central bank has started inching up and crossed the 7 per cent mark during December 2019
Nominating Das, the magazine said India's banks have faced a series of challenges, from non-performing loans to issues around fraud
Such minutes will be available within two weeks from the date of its confirmation in the next meeting of the central board and on being signed by the chairman in the same meeting, the RBI said
Experts rule out rate cut till April, saying it'll take time for vegetable prices to fall
Higher growth also improves tax-GDP ratio which enhances the resource availability with Government to undertake social and infrastructure expenditure
According to the RBI governor, wider rural road network, better communication facilities, and easier access to micro credit will contribute to better price realisation for farmers
Under his governorship, Das silenced the ever-hungry market and North Block mandarins with 135 basis points reduction in interest rates through five successive rate cuts
In the last financial year 2018-19, sources said, these companies had reduced their debt burden by about Rs 43,000 crore
Comments come at a time when many promoters of companies are under regulatory scanner
The policy easing cycle this year saw Das and his rate-setting panel deliver a rare 35 basis-point cut in August
The six-member MPC, headed by Das, had kept the repo rate unchanged on December 5 despite moderation in economic growth and easing inflation
Freeing up such transactions were to give further impetus for such digital retail payments.
Das said he hoped a recent trade deal between the United States and China would hold and not be reversed