RBI Governor Shaktikanta Das said that inflation is likely to remain elevated, barring transient relief in the winter months from prices of perishables.
December 4, 2020RBI had last revised its policy rate on May 22, in an off-policy cycle to perk up demand by cutting interest rate to a historic low.
December 4, 2020It can be noted that the Indian economy contracted by 23.9 per cent in the first quarter of the fiscal year, and the RBI expects the economy to shrink by 9.5 per cent in FY21.
November 26, 2020"I have tested COVID-19 positive. Asymptomatic. Feeling very much alright. Have alerted those who came in contact in recent days," he said in a tweet.
October 25, 2020He further said that the central bank has asked all the banks and NBFCs to undertake stress test internally.
October 22, 2020Accordingly, RBI will purchase the SDLs... through a multi-security auction using the multiple price method.
October 17, 2020While making the announcement noted that India will be among very few countries globally with '24x7x365' large value real-time payment system.
October 9, 2020The liquidity availed under the scheme can also be used to extend bank loans and advances to these sectors.
October 9, 2020Under the extant framework, the maximum aggregated retail exposure to one counterparty should not exceed the absolute threshold limit of Rs 5 crore.
October 9, 2020Three auctions of government securities conducted by RBI got devolved as market participants stayed away from buying bonds.
October 9, 2020At 1.20 p.m., Sensex was trading 283.74 points higher at 40,466.41 levels while the Nifty was at 11,903.70, up by 69.10 points.
October 9, 2020Consequently, the reverse repo rate, at which the RBI borrows from lenders, stood at 3.35 per cent.
October 9, 2020The Governor also assured the industry that "RBI is battle ready... whatever measures are required will be taken by the RBI".
September 16, 2020The governor said, rather than becoming averse to lending, banks have to improve their risk management and governance frameworks, and also build sufficient resilience.
August 27, 2020Governor Shaktikanta Das said the reserves at $534.6 billion are equivalent to 13.4 months of imports.
August 8, 20201. Governor Das said that the Reserve Bank of India (RBI) expects country’s real GDP growth rate for the first half of FY21 to remain in the negative territory. 2. The MPC expects elevated inflation levels during the second quarter but may ease in the second half of the current fiscal year.
August 6, 2020Das made the comments while he was announcing the decisions taken by the central bank's MPC.
August 6, 2020