RBI Governor Shaktikanta Das has been awarded an ‘A+’ rating for the second year in a row in the Global Finance Central Banker Report Cards 2024. Mahindra Group chairman, Anand Mahindra has praised Das describing him as the “gold medal winner” of the “central bank Olympics.”How Anand Mahindra praised Shaktikanta DasMahindra shared a post on…
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 governor Shaktikanta Das said offline accessibility, which is in the works, will make the digital rupee an attractive choice for retail users.In addition, wholesale use of CBDC for trade in commercial paper and certificates of deposit in the debt market will also be extended by RBI, Das said in a panel discussion on…
MUMBAI: RBI governor Shaktikanta Das has urged banks to increase their involvement in the rupee derivatives market, both domestically and internationally, and to ensure that retail customers are not disadvantaged in the foreign exchange market. He also called on banks to stop providing services to unauthorised forex platforms.“Although banks and other market participants have made…
New UPI features: RBI governor Shaktikanta Das on Friday announced two new features or measures for Unified Payments Interface (UPI) users, with an aim to enhance ease of transactions and cash deposits. The new announcements were made by Shaktikanta Das as a part of RBI’s monetary policy statement.The two new UPI features allow users to…
UPI Access for Prepaid Payment Instruments (PPIs) through Third Party App: The Reserve Bank of India (RBI) governor Shaktikanta Das on Friday announced in his monetary policy committee (MPC) statement that individuals can now use prepaid payment instruments like digital wallets to make payments via UPI through third-party apps. RBI Governor Shaktikanta Das highlighted that…
RBI Monetary Policy Meeting: “The elephant has now gone out for a walk,” said RBI governor Shaktikanta Das as part of his monetary policy statement. So what did Shaktikanta Das mean and what is this elephant that he spoke of? The Reserve Banking of India (RBI) in its first Monetary Policy Committee (MPC) meeting for…
