'RBI committed to bringing inflation down to 4 pc': Shaktikanta Das
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das Saturday said there is no need to increase the inflation target from 2 to 3 percent even as the Central bank has failed to keep it below the 6 percent upper tolerance level for nine consecutive months, according to media reports.
Inflation is likely to follow downward trajectory in India: Shaktikanta Das
Inflation is likely to go down in the coming months and the impact of high inflation is already past its peak, Reserve Bank of India Governor Shaktikanta Das said Friday.
India's forex reserves grow after four weeks of decline
Mumbai: India's foreign exchange reserves jumped by $2.4 billion during the week ended July 29 after falling for four consecutive months riding on the return of FPIs.
New Delhi: A few days after former RBI Governor Raghuram Rajan and ex-NITI Aayog Vice-Chairman Arvind Panagariya dismissed concerns over the possibility of India facing a Sri Lanka-like economic crisis, Finance Minister Nirmala Sitharaman Tuesday told Rajya Sabha the rupee's fall against the USD was not alarming and the unit has performed better than its peers.
Rupee holding up well compared to advanced, EME peers: RBI Guv
Mumbai: Amid consistent depreciation of the rupee against the US dollar, Reserve Bank of India (RBI) Governor Shaktikanta Das Friday said that the Indian rupee has been holding up well compared to both advanced and EME (emerging market economies) peers.
Reserve Bank of India hikes repo rate by 50 bps to 4.90 percent, loans to become costlier
Mumbai: As widely expected, the Reserve Bank of India (RBI) on Wednesday hiked policy repo rate by 50 basis points (bps) to 4.90 per cent with immediate effect.
RBI hikes repo rate by 50 basis points
New Delhi: The Reserve Bank of India on Wednesday announced the decision to hike repo rate by 50 basis points to 4.90 percent.
RBI maintains status quo, keeps repo rate unchanged at 4 percent
Mumbai/UNI: The Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at four percent for the 11th time in a row as it continues to maintain its accommodative stance in the backdrop of rising inflation.
Covid-related liquidity measures were introduced with sunset date: RBI Governor
Covid-19-related liquidity measures announced by the central bank, excluding the interest rates, came with a sunset date, the Reserve Bank of India (RBI) Governor Shaktikanta Das has said.
RBI maintains status quo, keeps repo rate unchanged at 4 percent
New Delhi/UNI: On expected lines, the Reserve Bank of India (RBI) on Thursday kept the policy repo rate unchanged at 4 percent to support economic growth.
RBI Guv Shaktikanta Das cautions depositors chasing high returns, interests
New Delhi/UNI: While terming the higher deposit insurance cover of Rs five lakh as an important milestone, Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday cautioned depositors chasing higher returns.
RBI Governor asks banks to strengthen grievance redressal mechanism
Mumbai/UNI: Reserve Bank of India (RBI) Governor Shaktikanta Das Tuesday urged banks to revamp and strengthen their grievance redressal mechanisms to minimise the escalation of grievances to the central bank ombudsman.
Far deeper issues involved in cryptocurrency, RBI has serious concerns: Shaktikanta Das
Mumbai/IBNS: Reserve Bank of India (RBI) Governor Shatikanta Das has reiterated that it has serious concerns over cryptocurrency as "far deeper" issues are involved amid reports that the Centre is likely to table a cryptocurrency bill in the upcoming winter session of Parliament.
RBI keeps repo rate unchanged at 4 percent, maintains accommodative stance to support growth
Mumbai/New Delhi/UNI: As widely expected, the Reserve Bank of India (RBI) Friday held the repo rate steady at 4 percent and maintained an accommodative policy stance to support economic growth and recovery.
RBI keeps repo rate unchanged at 4 percent
Mumbai: The Reserve Bank of India on Friday announced the decision to keep repo rate unchanged at 4 percent.