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Mumbai: Reserve Bank of India (RBI) on Wednesday raised the interest rate by 50 basis points to a two-year high of 4.9 per cent as it doubled down to tame inflation that has surged in the last couple of months. The rate hike comes on the back of a 40 bps increase effected by RBI […]

Chennai: India’s central bank is mulling further rate hikes, said its Governor Shaktikanta Das. He also said the Reserve Bank of India (RBI) will not allow the rupee to depreciate and prevent volatility in the currency market. In an interview to the CNBC TV18 channel, Das also said the RBI will release the new forecast […]

Das was appointed the RBI's 25th governor on December 11, 2018, initially for a period of three years.

The monetary policy committee headed by the RBI Governor is set to revise the policy framework and inflation targets by March 31

With regard to inflation, RBI Governor Shaktikanta Das said vegetable prices are expected to remain soft in the near term

"Banks have been able to raise a lot of money from the markets. About Rs 40,000 crores have been raised by the public sector banks both in the form equity and also AT1 and Tier II bonds.

It can be noted that the festivities, coupled with pent-up demand during the lockdown, had resulted in improvement in many economic indicators in October

I recognise that there exists space for future rate cuts if the inflation evolves in line with our expectations. This space needs to be used judiciously to support recovery in growth, says RBI Governor