Key Points
In just about two hours after what appeared to be a declaration of victory over inflation after nearly 20 months of tense battle, Das damped it...
"We do not communicate anything inadvertently, let me make it very clear," Governor Das told reporters during the customary interaction after the latest policy review that was earlier interpreted as setting the stage for an easing of monetary policy..
In the absence of tough messages such as bond sales or a higher cash reserve requirement as in the past, bond investors joined global peers in anticipating a shift in gears...
That monetary policy is successful is reflected in the easing of core inflation, said Das..
Global Factors: Soaring US and UK bond yields during the year was the biggest worry for every central banker threatening bankruptcies for many financial firms..
You might be interested in
Pause, not pivot, says RBI governor as repo rate stays unchanged at 6.5%
06, Apr, 23In a surprise move on Thursday, the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) unanimously decided to keep the repo rate unchanged at 6.50% and to remain focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth.
Growth getting stronger foothold, inflation coming under control: RBI
10, Nov, 23RBI Governor Shaktikanta Das on Thursday said economic growth in India is getting stronger foothold while inflation is also coming under control driven by the inherent dynamism and a prudent policy mix.
Sensex jumps 300 pts as RBI holds rate at 6.5%, Nifty above 19,600; “withdrawal of accommodation” stance r
06, Oct, 23The monetary policy action was on the expected lines, and therefore, equities remained steady post the announcement. The Sensex was trading 324 points or 0.49% higher at 65,955.89, while the Nifty was steady above the 19,600 mark.. The Nifty Bank index also was trading 0.3% up at 44338.10 points.
RBI may nudge rates via liquidity, not benchmark
21, Apr, 23India Business News: MUMBAI: Arguing for a pause in rate hikes, RBI governor Shaktikanta Das said in the minutes of the monetary policy committee (MPC) meeting that the fi.
RBI Monetary Policy: An interest rate cut emerges on the horizon
09, Jun, 23The Reserve Bank of India has kept interest rates unchanged for the second consecutive meeting of the Monetary Policy Committee, with the repo rate remaining at 6.5%. Governor Shaktikanta Das suggested that the real interest rate meant a cut in policy rates was possible as the interest rate cycle may have peaked. The inflation target mandate, a monetary policy objective aimed at controlling the rate of price increases, emerged in 2016 after years of price increases led to negative real interest rates and spawned financial instability.
MPC: RBI keeps interest rates unchanged for second time in a row, lowers inflation forecast
08, Jun, 23The Reserve Bank of India has left interest rates unchanged for the second consecutive monetary review meeting, suggesting it is in no rush to address the cost of funds as the inflation trajectory is sliding, with lower inflation forecast for the fiscal year. The central bank cited adequate supplies and an unlikely demand push as tepid global growth boosted expectations of further easing in commodity prices.
RBI's Das & Co with Arjuna's eyes had many arrows to tame India's wild inflation rate
26, Dec, 23The year began with inflation at around 6.5 percent, which is higher than the Reserve Bank of India's (RBI) acceptable range of 2-6 percent. To tackle this issue, the RBI has taken significant steps to control rising inflationary pressures.
RBI begins deliberations on policy rate; decision tomorrow
09, Jun, 23The Reserve Bank’s rate-setting monetary policy panel began deliberations on Tuesday amid expectations that the central bank will keep the benchmark interest rates unchanged at 6.5% on the back of easing retail inflation and the need to push economic growth.
RBI governor to announce repo rate tomorrow. What happened in last MPC meet?
07, Feb, 24RBI expected to maintain key interest rate due to inflation concerns
Premature move on monetary policy front could undermine efforts to check inflation: RBI Guv
22, Feb, 24Mumbai, Feb 22 (PTI) The Reserve Bank of India’s (RBI’s) job to bring down inflation is not over, and any premature move on the policy front could undermine the success achieved so far on the price situation, according to RBI Governor Shaktikanta Das. RBI’s rate setting panel, Monetary Policy Committee (MPC), had met for three […]