Risky recourse: On the Reserve Bank of India’s Monetary Policy Committee and policy rate How quickly policymakers intercede in the months aheasd will determine their inflation-fighting mettle The Hindu · Aug 10, 2023
Soon, AI will let you make a UPI payment using voice RBI proposes to increase UPI Lite per transaction payment limit to ₹500 and enable 'Conversational Payments' on UPI, 'UPI-Lite' on-device wallet and offline payments on UPI using NFC technology to further deepen digital payments in India. This will help in faster, reliable and contactless mode of payments for everyday small… The Hindu · Aug 10, 2023
Home loan, other borrowers can switch to fixed-rate regime: RBI RBI unveils framework allowing borrowers to switch to fixed interest rate from floating rate, providing relief to home, auto loan borrowers. Revised framework for Infrastructure Debt Funds (IDFs) to enable greater financing of infrastructure sector. The Hindu · Aug 10, 2023
RBI keeps repo rate unchanged in third straight policy meet The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected. Read further on Dynamite News: Dynamite News · Aug 10, 2023
RBI retains FY24 GDP forecast at 6.5% RBI retains GDP growth projection at 6.5% for FY20-21; raises inflation projection to 5.4% due to vegetable prices. Recovery in kharif sowing, services & consumer optimism to support household consumption. The Hindu · Aug 10, 2023
RBI’s MPC keeps policy rate unchanged, CPI inflation projection for FY24 revised to 5.4% Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) unanimously decided to keep the rate unchanged at 6.5% The Hindu · Aug 10, 2023
MPC meet: No impact on EMIs as RBI keeps repo rate unchanged at 6.5% NEW DELHI: For the third time in a row, the RBI's high-powered monetary policy committee decided to keep the repo rate unchanged at 6.5 per cent. The repo rate is the interest rate at which the RBI lends money to commercial banks. The Times of India · Aug 10, 2023
Indian economy makes solid recovery despite global headwind: RBI governor Das MUMBAI: Reserve Bank governor Shaktikanta Das on Wednesday said that the Indian economy has made a solid recovery and is among the fastest-growing large economies despite heightened uncertainties and formidable headwinds. The Times of India · Jun 28, 2023
Unwavering focus: On the Monetary Policy Committee’s approach to policy Achieving durable disinflation must remain a non-negotiable goal, especially amid widening income inequality and high unemployment The Hindu · Jun 9, 2023
RBI keeps repo rate unchanged at 6.5 per cent as inflation softens Repo rate refers to the interest rate at which the RBI lends to commercial banks. Read further on Dynamite News: Dynamite News · Jun 8, 2023
RBI holds rates, vows to keep price stability The Reserve Bank on June 8 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50% and retained the GDP growth projection for current fiscal year at 6.5%, on the back of supportive domestic demand conditions. The Hindu · Jun 8, 2023
Morning Digest | Ron DeSantis launches 2024 presidential bid to challenge Donald Trump; GDP growth may cross 7% in 2022-23: RBI Governor, and more The Hindu’s Morning Digest brings readers a select list of stories to start the day The Hindu · May 25, 2023
Morning Digest | No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das; wrestlers accept Brij Bhushan’s demand for a narco test under SC supervision, and more The Hindu’s Morning Digest brings readers a select list of stories to start the day The Hindu · May 23, 2023
No proposal to introduce ₹1,000 note, says RBI governor NEW DELHI: RBI governor Shaktikanta Das on Monday said there was no proposal to introduce Rs 1,000 notes and insisted that the decision to withdraw the high-value notes was part of the RBI’s clean note policy and the purpose of remonetisation, following the 2016 demonetisation, has been achieved. Das also… The Times of India · May 23, 2023
The Hindu · May 22, 2023 No need to make a dash for ₹2,000 swaps, says RBI Governor Shaktikanta Das Seeking to allay concerns about the legal tender status of ₹2,000 currency notes after the September 30 deadline for their exchange or deposit, Reserve Bank of India Governor Shaktikanta Das stressed there is no need to rush to the banks and signalled the last date is only meant to nudge…
The Times of India · May 22, 2023 RBI expects return of most Rs 2,000 currency notes in circulation by September 30: RBI governor NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das on Monday said most of the withdrawn Rs 2,000 rupee notes are expected to be returned by the deadline of September 30.
The Times of India · Apr 20, 2023 Cumulative impact of monetary policy actions still unfolding: RBI governor in MPC meeting MUMBAI: RBI governor Shaktikanta Das, in the rate-setting panel meeting earlier this month, opined that the cumulative impact of the monetary policy actions over the last one year is still unfolding and needs to be monitored closely, as per the MPC minutes released on Thursday.
Dynamite News · Apr 6, 2023 RBI decides to keep repo rate unchanged at 6.5 pc The Reserve Bank of India has decided to keep the key benchmark interest rate - repo rate - unchanged at 6.5 per cent with readiness to act should the situation so warrant, Governor Shaktikanta Das announced on Thursday, after a two-day monetary policy (MPC) meeting. Read further on Dynamite News:
The Times of India · Apr 6, 2023 RBI keeps repo rate unchanged at 6.5% NEW DELHI: In a surprise move, the Reserve Bank of India's monetary policy committee (MPC) on Thursday decided to keep the repo rate unchanged at 6.5%, RBI governor Shaktikanta Das said.
The Times of India · Mar 30, 2023 Break up India’s biggest companies, former deputy governor of RBI Viral Acharya says MUMBAI: India’s biggest conglomerates, which wield immense pricing power in the retail, resources and telecommunication sectors, are contributing to elevated inflation and should be broken up, a former central banker said.
The Times of India · Mar 6, 2023 Daily UPI transactions jump 50% to 36 crore: RBI governor MUMBAI: Reserve Bank of India governor Shaktikanta Das on Monday said payments through UPI (unified payment interface) have grown exponentially in the past 12 months with daily transactions crossing 36 crore, which is up 50 per cent from 24 crore in February 2022.
The Times of India · Feb 22, 2023 Global uncertainty complicates fight against inflation: MPC minutes MUMBAI: The continuing global uncertainty has complicated the fight against inflation, opined Reserve Bank deputy governor Michael Debabrata Patra during the Monetary Policy Committee meeting held on February 8.
Dynamite News · Feb 8, 2023 RBI Proposes UPI Payments Facility For Inbound Travellers Taking into account the popularity of the UPI payment system, the Reserve Bank of India said it has proposed to permit all inbound travellers to India to use UPI for their merchant payments while they are in the country. Read further on Dynamite News:
Dynamite News · Feb 8, 2023 RBI MPC Raises Repo Rate By 25 BPS To 6.5 pc The Monetary Policy Committee (MPC) of the Reserve Bank of India decided to raise the key benchmark interest rate by 25 basis points to 6.5 per cent on Wednesday. Read further on Dynamite News:
The Times of India · Feb 6, 2023 RBI's Monetary Policy Committee meeting starts amid expectations of lower rate hike MUMBAI: RBI governor Shaktikanta Das-headed Monetary Policy Committee (MPC) started its three-day meeting on Monday amid expectations of a smaller 25 basis points rate increase or a pause on the rate hiking spree that started in May last year to check inflation.