Summary Repo rate raised by 40 basis points to 4.40% CRR raised by 50 basis points to 4.50%, effective May 21 Growth getting stronger but continues to face global headwinds Benchmark bond yield jumps, rupee strengthens after rate hike MUMBAI, May 4 – India’s central bank raised its […]
MUMBAI, July 8 – India’s central bank wants to anchor inflation expectations as it focuses on reviving economic growth, governor Shaktikanta Das told a local newspaper in an interview, and urged the government to look at lowering fuel taxes to ease price pressures. “We are acutely conscious and […]
Mumbai, Dec 4: Reserve Bank of India (RBI) on Friday said it expects the economy to record positive growth in the second half of the current financial year. The economy contracted by 23.9 per cent in the first quarter and 7.5 per cent in the second quarter on account […]
MUMBAI – India is “at the doorstep of the revival process” from the coronavirus pandemic, Reserve Bank of India governor Shaktikanta Das said in response to a question at a panel discussion conducted by Bloomberg Quint on Wednesday. Both fiscal and monetary policy were counter-cyclical and accommodative and […]
Mumbai, Oct 9: The Reserve Bank of India on Friday said the economy is likely to contract by 9.5 per cent in the current fiscal GDP contracted 23.9 per cent in the first quarter of the fiscal, as per the estimates of the Central Statistics Office (CSO) In a […]
NEW DELHI – The Indian economy’s medium-term outlook remains uncertain even though the country has started re-opening after over two months of a nationwide lockdown, as demand and supply shocks due to the coronavirus still loom large, the central bank governor said on Saturday. Policy responses by the […]
New Delhi, Dec 20:RBI Governor Shaktikanta Das Thursday said he will meet representatives of private sector banks and cooperative banks next week to discuss issues and concerns. Das took over as 25th Governor of RBI last week following the abrupt exit of Urjit Patel ahead of schedule due […]
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