Global economy facing tirade of challenges says RBI Governor Shaktikanta Das
Governor Das discussed the multifaceted challenges confronting the global economy, emphasizing the intricate balance required in policymaking amidst these complexities.
Governor Das discussed the multifaceted challenges confronting the global economy, emphasizing the intricate balance required in policymaking amidst these complexities.
As predicted by economists, the Reserve Bank of India’s Monetary Policy Committee (MPC) did not change the repo rate from…
The Governor of RBI said on Thursday that a resilient future-ready bank needs to be financially, operationally and organisationally strong.
"We need to collectively work to strengthen multilateral development banks for many global challenges, like climate change," PM Modi said during the meeting.
Reserve Bank of India Governor Shaktikanta Das said a synchronised tightening of monetary policy globally has progressively increased the risk of a hard landing, which is a recession to tame inflation. India, however, is differently placed.
The liquidity availed under the scheme can also be used to extend bank loans and advances to these sectors.
Under the extant framework, the maximum aggregated retail exposure to one counterparty should not exceed the absolute threshold limit of Rs 5 crore.
Three auctions of government securities conducted by RBI got devolved as market participants stayed away from buying bonds.
At 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.
Consequently, the reverse repo rate, at which the RBI borrows from lenders, stood at 3.35 per cent.