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Rbi Governor Shaktikanta Das

Reserve Bank Of India Allows Credit Cards To Be Linked With UPI Platform

UPI has become the most inclusive mode of payment in India, with over 26 crore unique users and 5 crore merchants onboarded on the platform.

08 June 2022

RBI Pitches For Structural Reforms; Flags Inflationary Pressure

In its annual report, RBI also said the number of Rs 2,000 denomination notes fell to 1.6 per cent of the total currencies in circulation as on March 2022 from 2 per cent in the year-ago period.


RBI Opted For Off-Cycle Rate Hike To Avoid Tougher Action In June: Governor Shaktikanta Das

The timing of the decision of the MPC, which has six members including Das, surprised markets even though a rate hike was expected in the wake of spiraling inflation.


Rupee Gains 9 Paise to 77.69 Against US Dollar In Early Trade Ahead Of RBI Policy Outcome

A weak trend in domestic equities, surging crude oil prices and unabated foreign fund outflows capped the appreciation bias of the rupee.

08 June 2022

Expectation Of Rate Hike In Next Policy 'A No-Brainer', Says RBI Governor

'Expectation of rate hike, it's a no-brainer. There will be some hike but how much I will not be able to tell now... to say that 5.15 (per cent) may not be very accurate,' Das said


Global Storms Hitting Together Prompted RBI To Hike Rate: MPC Minutes

RBI Governor Shaktikanta Das, as per the minutes, said the off-cycle monetary policy actions were aimed at lowering inflation and anchoring inflation expectations

18 May 2022

Why RBI Should Not Increase Interest Rates To Tame Inflation

Retail Inflation jumps to eight years high of 7.79 per cent in April which is much above the RBI comfort zone. Here is why RBI intervention with rate hike will not solve the problem.

02 June 2022

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RBI May Up Inflation Forecast In Next MPC Meeting; Rate Hike On Cards: Sources

The MPC, headed by the RBI Governor, is scheduled to meet between June 6 and June 8. It has been mandated to keep retail inflation in the range of 2-6 per cent

12 May 2022

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04 May 2022
RBI Taking Inflation, Inflationary Expectations Seriously: Uday Kotak

RBI Taking Inflation, Inflationary Expectations Seriously: Uday Kotak

The RBI on Wednesday after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation.


04 May 2022
Rate Hike Signals RBI Wants To Act Quickly Before Inflation Derails Growth: Experts

Rate Hike Signals RBI Wants To Act Quickly Before Inflation Derails Growth: Experts

The RBI after an unscheduled MPC meeting hiked the benchmark lending rate by 40 basis points (bps) to 4.40 per cent to contain inflation.


04 May 2022
Economy Faces Headwinds From Global Spillovers: RBI

Economy Faces Headwinds From Global Spillovers: RBI

The RBI slashed the GDP growth projection for the fiscal 2022-23 to 7.2 per cent from its earlier forecast of 7.8 per cent.


04 May 2022
Potential Market Opportunities Open Up For India Due To Geopolitical Conditions: RBI

Potential Market Opportunities Open Up For India Due To Geopolitical Conditions: RBI

The worsening of terms of trade, driven by high commodity prices could have implications for the current account deficit in 2022-23, he said, but it is...


04 May 2022
RBI Raises CRR By 50 Basis Points To 4.5% Beginning May 21

RBI Raises CRR By 50 Basis Points To 4.5% Beginning May 21

The decision was announced by RBI Governor Shaktikanta Das after an off-cycle meeting of the rate-setting panel -- Monetary Policy Committee (MPC).


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05 May 2022
Here Is Why Loan EMIs Are Set To Go Up After RBI’s Repo Rate Hike

Here Is Why Loan EMIs Are Set To Go Up After RBI’s Repo Rate Hike

Surprising everyone, the RBI on Wednesday, hiked the repo rate by 40 basis points(bps). The new repo rate now stands at 4.40 per cent.


04 May 2022
Here Are The Highlights Of RBI's Monetary Policy Committee Off-Cycle Meeting

Here Are The Highlights Of RBI's Monetary Policy Committee Off-Cycle Meeting

The benchmark policy rate (repo) is hiked by 40 bps to 4.4 pc with immediate effect.


04 May 2022
RBI Hikes Interest Rate By 40 Basis Points; Borrowing To Become Expensive

RBI Hikes Interest Rate By 40 Basis Points; Borrowing To Become Expensive

This is the first-rate hike since August 2018 and the first instance of the MPC making an unscheduled increase in the repo rate.


04 May 2022
Here Is Why RBI Hiked Repo Rate By 40 Basis Points

Here Is Why RBI Hiked Repo Rate By 40 Basis Points

The Reserve Bank of India raised the key lending rate - repo rate - by 40 basis points to counter the rising inflation


18 April 2022
RBI Turns Net Purchaser Of US Currency In February

RBI Turns Net Purchaser Of US Currency In February

In the reporting month, the central bank bought $5.946 billion and sold $5.175 billion in the spot market, RBI said in its monthly bulletin for April 2022.


18 April 2022
Monetary Transmission To Banks' Interest Rates Likely To Strengthen Further: RBI Article

Monetary Transmission To Banks' Interest Rates Likely To Strengthen Further: RBI Article

Earlier, the internal benchmark-based lending rate regimes had faced a multitude of issues, such as arbitrariness in the calculation of the base rate/MCLR and...


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08 April 2022
RBI Introduces Card-Less Cash Withdrawal Facility Using UPI Across All ATMs

RBI Introduces Card-Less Cash Withdrawal Facility Using UPI Across All ATMs

In addition to enhancing the ease of transactions, the absence of the need for a physical card for such transactions would help prevent frauds such as card...


08 April 2022
RBI Keeps Repo Rate Unchanged, Cuts Growth Forecast, Raises Inflation Target

RBI Keeps Repo Rate Unchanged, Cuts Growth Forecast, Raises Inflation Target

The RBI projected growth projection of 7.2 per cent from 7.8 per cent earlier amid volatile crude oil prices and supply chain disruptions due to the ongoing...


08 April 2022
RBI Lowers Growth Forecast To 7.2% For FY23 Amid Geopolitical Uncertainty

RBI Lowers Growth Forecast To 7.2% For FY23 Amid Geopolitical Uncertainty

Unveiling the first bi-monthly monetary policy review of the current fiscal, RBI Governor Shaktikanta Das said external developments during the past two months...


08 April 2022
RBI Ups Inflation Target For FY23 To 5.7% On Rising Global Prices Amidst Geo-Political Tensions

RBI Ups Inflation Target For FY23 To 5.7% On Rising Global Prices Amidst Geo-Political Tensions

The apex bank kept the benchmark interest rate -- repo, at which it lends short-term money to banks -- unchanged at 4 per cent.


08 April 2022
RBI's Monetary Policy Committee Unanimously Votes To Keep Repo Rate Unchanged At 4%: Highlights

RBI's Monetary Policy Committee Unanimously Votes To Keep Repo Rate Unchanged At 4%: Highlights

On April 8, the Reserve Bank of India announced that it has maintained the status quo and kept the repo rate unchanged at a record low at 4 per cent. This is...


07 April 2022
RBI Issues Guidelines For Banks To Set Up 24X7 Digital Banking Units

RBI Issues Guidelines For Banks To Set Up 24X7 Digital Banking Units

In the Union Budget, the government announced the setting up of at least 75 such units in 75 districts to commemorate 75 years of the country's independence as...


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