RBI Monetary Policy: MPC May Not Change Interest Rate Today, Say Experts
RBI Governor Shaktikanta Das will announce the MPC's decision on Thursday at 10 AM while the policy press conference will be shared at 12 noon.
Jun 08, 2023, 09:24 AM IST
Will ₹1,000 Currency Notes Make a Comeback? RBI Governor Shaktikanta Das Breaks Silence
When questioned about the potential reintroduction of Rs 1,000 currency notes, Das responded with "that's speculative," indicating that there are no concrete plans or intentions to reintroduce them at this time.
May 22, 2023, 19:11 PM IST
Meme Fest Starts As RBI Announces To Withdraw Rs 2000 Bank Notes From Circulation
RBI has requested banks to provide deposit and exchange facility of Rs 2000 notes until September 30, 2023. In the statement, RBI clarified that exchange facility for Rs 2000 bank notes would be available from May 23.
May 19, 2023, 20:11 PM IST
RBI Monetary Policy 2023: Central Bank Keeps Repo Rates Unchanged At 6.5%
Monetary Policy Committee of RBI decided to take a pause after a rate hike seen in previous six consecutive policies.
Apr 06, 2023, 10:12 AM IST
RBI Monetary Policy Announcement Today: Another Repo Rate Hike Likely
RBI Monetary Policy 2023: Governor Shaktikanta Das will announce the outcome of the meetings at 10 am today, followed by a press conference at noon.
Apr 06, 2023, 08:29 AM IST
RBI 3-Day MPC Meet Begins Today; Central Bank Likely To Hike Benchmark Interest Rate By 25 Bps On Apr 6
The Monetary Policy Committee (MPC) of the Reserve Bank will be meeting for three days on April 3, 5 and 6 to take into account various domestic and global factors before coming out with the first bi-monthly monetary policy for fiscal 2023-24.
Apr 03, 2023, 08:52 AM IST
Bill Gates Visits RBI HQ In Mumbai; Meets Governor ShaktiKanta Das For Wide Range Discussions
Gates in his latest blog ‘My Message in India: TO fight climate change, improve global health’ said India as a whole gives him hope for the future.
Feb 28, 2023, 15:58 PM IST
RBI to Extend UPI Facility for Retail Payments to Inbound Travellers in India
RBI has proposed to allow travellers from other countries to be able to use Unified Payments Interface (UPI) for retail payments at selected international airports in India.
Feb 08, 2023, 12:44 PM IST
RBI Monetary Policy 2023: Read Full Statement of Governor Shaktikanta Das
The Monetary Policy Committee resolved to hike the policy repo rate by 25 basis points with 4 out of 6 members voting in favour of a rate hike.
Feb 08, 2023, 11:59 AM IST
RBI MPC Meet Concludes Today - From Repo Rate Hike to GDP Projection; Here are 5 Key Takeaways
RBI is projecting Inflation in 2022-23 to stand at 6.5% and that will decrease further at 5.4 % in Q4 of this fiscal year.
Feb 08, 2023, 11:57 AM IST
Cryptocurrencies are equivalent to gambling: RBI Governor
To counter the growth of cryptocurrencies, the central bank recently launched in pilot mode, its own e-rupee or central bank digital currency (CBDC).
Jan 14, 2023, 08:13 AM IST
South Asian region contributes 15% to global growth, led by India and Bangladesh: RBI Guv
According to IMF, the conference, which coincided with the book launch, will provide an opportunity to discuss how South Asia can build on its development success in the aftermath of the Covid-19 pandemic and geopolitical tensions to achieve its potential.
Jan 06, 2023, 16:47 PM IST
RBI governor Shaktikanta Das launches Utkarsh 2.0; Central bank to use AI, ML for data analysis
Against the backdrop of a challenging global and domestic environment, Utkarsh 2.0 commences from 2023, when India assumes the G-20 Presidency.
Dec 30, 2022, 20:04 PM IST
Attention loan borrowers! Will RBI again hike rates in December? Here's what experts predict
After four hikes, the RBI has now raised rates by a total 190 basis points since its first unscheduled mid-meeting increase in May.
Nov 28, 2022, 11:47 AM IST
Inflation above 6 per cent would be detrimental to India's growth: RBI Governor Shaktikanta Das
The inflation band of 2-6 per cent also provides RBI with enough policy space to use during times of stress, as was done during the COVID-19 pandemic
Nov 13, 2022, 10:35 AM IST
RBI panel holds meeting to draft response to Centre on failure to check inflation
According to a statement issued by the central bank, the MPC's meeting was held "to discuss and draft the report to be sent to the Government by the RBI under the provisions of Section 45ZN of the RBI Act, 1934 and Regulation 7 of RBI MPC and Monetary Policy Process Regulations, 2016".
Nov 04, 2022, 10:13 AM IST
Regulations for offline payment aggregators to be at par with online peers, says RBI
Meanwhile, Das also announced that the criteria for regional rural banks (RRBs) to be eligible to provide internet banking to their customers are being rationalised.
Sep 30, 2022, 13:09 PM IST
RBI slashes India's growth forecast to 7% from 7.2% amid aggressive monetary policy tightening globally
Real GDP growth in the first quarter of the current fiscal was 13.5%. Das, however, cautioned that there is a third wave of shock globally triggered by aggressive monetary policy tightening to curb inflation.
Sep 30, 2022, 12:58 PM IST
RBI keeps inflation projection for FY23 to 6.7%
RBI Governor Shaktikanta Das said the impact of inflation globally is weighing heavily on the domestic market. For third quarter, inflation is estimated at 6.5 per cent and further down to 5.8 per cent in March quarter with risks evenly balanced, the governor said.
Sep 30, 2022, 12:48 PM IST
RBI Monetary Policy 30 September 2022: Will loan rates get more expensive? Big decision coming today
The experts also point out that the rate revision by the US Federal Reserve and the central banks of many other countries have taken an aggressive stance on the rate revision.
Sep 30, 2022, 07:43 AM IST
