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  RBI projects CPI inflation for 2021-22 under 5%

  News | April 07, 2021 13:32 IST

  Reserve Bank of India (RBI) on April 07 announced revised projection for CPI inflation of financial year 2021-22. "The projection for CPI inflation has been revised to 5% in Q4 of 2021, 5.2%, in Q1 of 2021-22, 5.2% also in Q2 of 2021-22, 4.4% in Q3, and 5.1% in Q4 with risks broadly balanced. On March 31, 2021, the government retained the inflation target at 4% with the lower and upper tolerance levels of 2% and 6%, respectively, for the next five years that is from April 2021 to March 2026. An inflation rate of 4% over the medium term has now been successfully entranced the economic landscape," said RBI Governor Shaktikanta Das.

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  FY22 growth estimate of 10.5% need not be revised: RBI Governor

  Business | March 25, 2021 15:06 IST

  Speaking at the India Economic Conclave, Das said that now the world knows the dangers of the Covid-19 pandemic and it is not as in the case of 2020 when there was complete uncertainty.

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  Booming markets: RBI Governor warns stretched valuations pose financial stability risk

  Business | January 11, 2021 21:05 IST

  There is a disconnect between booming markets and economic activity, Reserve Bank Governor Shaktikanta Das said on Monday, warning that the stretched valuations of financial assets pose a risk to financial stability.

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  RTGS services to be available 24X7 from tonight. Details here

  Business | December 13, 2020 12:48 IST

  RTGS, which started on March 26, 2004 with a soft launch involving four banks, presently handles 6.35 lakh transactions daily for a value of Rs 4.17 lakh crore across 237 participant banks.

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  RBI projects 6.8 per cent retail inflation in December quarter

  Business | December 04, 2020 11:52 IST

  CPI inflation rose sharply to 7.3 per cent in September and further to 7.6 per cent in October, RBI Governor Shaktikanta Das said while unveiling its bi-monthly monetary policy review.

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  RBI Monetary Policy: RBI maintains status quo 3rd time in a row, keeps Repo Rate unchanged at 4%

  Business | December 04, 2020 11:39 IST

  Monetary Policy Committee (MPC) voted unanimously to keep the policy repo rate unchanged at 4 per cent and continued with its accommodative stance to support growth. The committee, which has cut rates by 115 basis points since the Covid-19 crisis hit in March, has kept rates on hold since May.

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  Economic recovery stronger than expected: RBI Guv Shaktikanta Das

  Business | November 26, 2020 15:01 IST

  Speaking at the annual day event of Foreign Exchange Dealers' Association of India (FEDAI), Das said there are downside risks to growth across the world and also in India.

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  RBI Governor Shaktikanta Das recovers from coronavirus

  India | November 07, 2020 19:59 IST

  Reserve Bank of India (RBI) Governor Shaktikanta Das has tested negative for coronavirus on Saturday and will join the office next week.

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  RBI Governor Shaktikanta Das tests positive for COVID-19

  India | October 25, 2020 19:34 IST

  Shaktikanta Das, Reserve Bank of India (RBI) Governor, tested positive for COVID-19 on Sunday.

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  Second wave of COVID-19 could hamper nascent recovery: RBI Governor Shaktikanta Das

  Business | October 23, 2020 21:19 IST

  RBI Governor Shaktikanta Das has said the risk of a second wave of COVID-19 could put sand in the wheels of the nascent recovery while his deputy M D Patra opined that it might take years to regain the output lost on account of the pandemic.

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  India at doorstep of revival process, says RBI Governor Shaktikanta Das

  Business | October 21, 2020 20:24 IST

  Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday said that the government will have to spell out fiscal roadmap post coronavirus, PTI reported. Das also said that India is at the doorstep of revival process. More to follow.

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  RBI keeps repo rate, reverse repo rate unchanged

  News | August 06, 2020 16:48 IST

  Reserve Bank of India (RBI) on August 06 announced that repo rate and reverse repo rate will remain unchanged.

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  For year 2020-21, GDP growth is estimated to be negative: RBI Governor

  News | August 06, 2020 16:35 IST

  Reserve Bank of India (RBI) Governor Shaktikanta Das briefed mediapersons on Aug 06.

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  Inflation to remain elevated in Q2FY21, says RBI Governor Shaktikanta Das

  Business | August 06, 2020 13:03 IST

  Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference at 12 noon today. This was the 24th meeting of the MPC. Besides, the central bank also issued directions regarding the loan moratorium which is coming to an end on August 31 amid bankers opposing the further extension of this facility on concerns over its misuse.

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  Need legally-backed 'resolution corporation' to deal with stressed financial firms: RBI Governor

  Business | July 11, 2020 16:51 IST

  Reserve Bank Governor Shaktikanta Das on Saturday advocated the creation of a 'resolution corporation' with legislative backing for resolution and revival of stressed financial firms. 

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  RBI Governor Shaktikanta Das briefs central board about impact of monetary steps

  Business | June 26, 2020 16:24 IST

  Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday briefed the board members about the impact of the various monetary and regulatory measures taken by the central bank to deal with the COVID-19 crisis. 

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  GDP growth expected to remain in negative territory in FY21

  Business | May 22, 2020 10:50 IST

  Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that the Monetary Policy Committee, in an unscheduled meeting, cut policy repo rate by 40 basis points to 4.0%, adding GDP is estimated to contract in current fiscal.

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  Expect normalcy to return in second half of the year: RBI Guv Shaktikanta Das

  Business | May 22, 2020 17:13 IST

  RBI Governor Shaktikanta Das in a presser amid lockdown situation in the country due to the outbreak of coronavirus which has impacted businesses at large said that they are expecting normalcy to return in the second half of the year.

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  RBI cuts repo rate by 40 bps to 4%, reverse repo rate at 3.35%

  Business | May 22, 2020 17:12 IST

  RBI Governor Shaktikanta Das on Friday announced a reduction in repo rate by 40 basis points from 4.4 % to 4% while reverse repo rate stands reduced to 3.35%.

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  RBI Governor Shaktikanta Das press conference | HIGHLIGHTS

  Business | May 22, 2020 10:36 IST

  The Reserve Bank of India (RBI) Governor Shaktikanta Das addressed a press conference on Friday. The briefing comes days after Finance Minister Nirmala Sitharaman had given the details of the Rs 20 lakh crore economic relief package announced by Prime Minister Narendra Modi last week.