Wednesday, November 30, 2022

Shaktikanta Das

No need to change inflation target of 2-6 pc

RBI Governor Shaktikanta Das on Saturday said there was no need to change the inflation target despite the central bank’s failure to keep it below the 6%upper tolerance level for 9 consecutive months while exuding confidence that the October...

Retail Inflation ‘unacceptably and uncomfortably’ high: Das

With the price situation remaining at “unacceptably and uncomfortably” high level, members of the RBI’s Monetary Policy Committee underlined the need for preventing upward drift of inflation and bringing it down to the target band, as per minutes of...

RBI’s MPC may raise interest rate on Friday

The Reserve Bank of India’s rate-setting panel on Wednesday began its three-day deliberations on the next bi-monthly monetary policy amid expectations of at least a 35-basis-point hike in the interest rate to check high inflation. If raised, it will...

Rupee holding up well relative to other currencies: RBI

Allaying the fear of depreciation of rupee, the Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said the Indian rupee is holding up well relative to both advanced and emerging market economies on account of strong, resilient...

RBI will ensure soft landing of economy: Das

Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure that the economy has a soft landing wherein inflation is closer to 4 per cent, with minimal impact on growth.Das said retail inflation appears...

Retail inflation eases to 7.01 pc

Retail inflation dropped marginally to 7.01 per cent in June mainly due to slight easing in prices of vegetables and pulses, though it remained above the Reserve Bank’s comfort level for the sixth month in a row.The consumer price...

Cryptocurrencies clear danger: RBI Gov

Reserve Bank Governor Shaktikanta Das on Thursday described cryptocurrencies as “clear danger” and said that anything that derives value based on make believe, without any underlying, is just speculation under a sophisticated name.The government is in the process of...

Inflation to peak further till Dec: RBI governor

India’s central bank is on course to bring down prices but the retail inflation rate is likely to remain above the top end of its mandated target band until December, Governor Shaktikanta Das said in an article in the...

Big Tech’s lendings can cause concerns: Das

Big Tech’s play in lending activities using customer data and sophisticated algorithms can lead to “systemic concerns” like over-leverage and inadequate quality assessment of borrowers, Reserve Bank Governor Shaktikanta Das said on Friday.The entry of firms like Google, Amazon...

RBI to soon regulate digital lending platforms

The Reserve Bank of India will soon come out with regulatory architecture for digital lending platforms, many of which are unauthorised and illegal, Governor Shaktikanta Das said on Thursday. There have been increasing cases of alleged suicides of borrowers...