Shaktikanta Das

In recent times, central bankers have stressed the need to be nimble, humble even. Recent mistakes warrant some humility

Says have entered another phase of 'coordinated action' between fiscal and monetary authorities

At the interbank forex market, the domestic unit opened at 77.69 against the US dollar. It moved in a range of 77.51 to 77.69 during the session

Shaktikanta Das further said in a TV interview that the RBI and govt have entered into another phase of coordinated action to cool down inflation

Shaktikanta Das says RBI wants to raise rates in the next few MPC meetings, at least at the next one in June

The RBI governor said that inflation projection will be realistically given in next monetary policy committee meet due to take place in June

External member Jayanth Varma said 100 bps rate hike required 'very soon'

Urges lenders to take appropriate measures, including raising of capital, to shield their balance sheet against any potential impact these events might have

The MPC 's external member Jayanth R Varma opined that more than 100 basis points of rate increases needs to be carried out very soon

According to latest data, the RBI has conducted open market operations in the last week of April and in the first week of May

Higher interest rates may complicate the financing of a record $200 billion government borrowing programme, bigger than even in the first year of the pandemic.

RBI Governor Shaktikanta Das on Wednesday said that the Monetary Policy Committee has voted to increase repo rate by 40 basis points, to 4.40%. What will be its impact on the economy? Let's find out

The hike in repo rate by 40 basis points and a 50 bps hike in the CRR by the RBI took investors by surprise. With the RBI getting hawkish, here's what the road ahead looks like for the markets

The 10-year government bond shot up 26 bps, with the street expecting another rate hike in the June policy

Consumer price index (CPI)-based inflation rate rose to 6.95 per cent in March 2022 from 6.07 per cent in the previous month

RBI has been slow in withdrawing accommodation

The adverse effects of the unprecedented high global food prices due to the ongoing geopolitical situation is reflecting in the domestic market as well

The RBI MPC voted unanimously to increase the benchmark rate, said Governor Shaktikanta Das

Meanwhile, the mega LIC IPO was off to a steady start, with policyholder and employee segment receiving strong response on Day 1 of the offer period.

In the last policy meeting in April, the monetary policy committee (MPC) of the RBI had shifted its focus to tackle the rising inflation in India after the Russian invasion of Ukraine