RBI governor Sanjay Malhotra Sanjay Malhotra, who took over as RBI’s 26th governor on Wednesday, said stability, trust and growth will remain the central bank’s core values. “India’s growth trajectory must continue, and RBI will play a key role in fostering it. Financial inclusion is central to this effort,” he said in Mumbai.The ex-revenue secretary…
MUMBAI: Outgoing RBI governor Shaktikanta Das said that restoring the inflation-growth balance is the most important task ahead for his successor Sanjay Malhotra.In his last press conference as governor, Das highlighted the importance of coordination between RBI and govt in curbing inflation. “Govt undertook a lot of supply-side measures which helped RBI check inflation. The…
MUMBAI: Coordination between RBI and govt has helped bring down the trade-off between battling inflation and growth, RBI governor Shaktikanta Das said.RBI has steadfastly maintained that there is no trade-off between growth and inflation in the long term, as low inflation is a prerequisite for sustainable growth. However, its monetary action to curb inflation, besides…
MUMBAI: RBI governor Shaktikanta Das said that India’s growth potential is around 7.5% or more, higher than the central bank’s 7.2% forecast for the current financial year.The potential growth rate refers to the rate at which the economy can grow over the long term without triggering inflation. The governor made this statement at the Bretton…
Chairman Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labor market.“The time has come for policy to adjust,” Powell said Friday in the text…
Chairman Jerome Powell said the time has come for the Federal Reserve to cut its key policy rate, affirming expectations that officials will begin lowering borrowing costs next month and making clear his intention to prevent further cooling in the labor market.“The time has come for policy to adjust,” Powell said Friday in the text…
MUMBAI: RBI‘s monetary policy committee is expected to maintain a status quo on rates for the eighth consecutive time. The panel is scheduled to meet between June 5 and June 7.A possible victory for the ruling NDA as indicated in exit polls is expected to result in lower bond yields and a stronger rupee.According to…
April 2024 CPI Inflation: The Consumer Price Index (CPI) inflation for the month of April eased to 4.83%. The rural inflation was reported at 5.43% and urban inflation came in at 4.11%. The CPI inflation for the month of March 2024 stood at 4.85%. RBI’s Monetary Policy Committee has a CPI inflation target of 4%,…
Mumbai: RBI‘s monetary policy committee on Friday decided to keep interest rates on hold for the seventh successive meeting, stating that “growth has surpassed all projections but cautioned that food price uncertainties continue to weigh on the inflation trajectory going forward”. RBI governor Shaktikanta Das said, “Two years ago, when inflation was at its peak…
