Monetary Policy

Reserve Bank Governor Shaktikanta Das on Tuesday said the fiscal-monetary coordination was at its best during the last six years even as he thanked Prime Minister Narendra Modi for giving the opportunity to head the monetary authority of the country. Das, in a series of posts on X, on his last day of his six-year term as RBI Governor, also thanked the Finance Minister, various stakeholders and his colleagues at the central bank. "Immensely grateful to the Hon'ble PM @narendramodi for giving me this opportunity to serve the country as Governor RBI and for his guidance and encouragement. Benefited a lot from his ideas and thoughts," he said in a post on X from his personal handle. Expressing gratitude to Finance Minister Nirmala Sitharaman for her constant support and backing, he said, fiscal-monetary coordination was at its best and helped to deal with multiple challenges during the last six years. He also thanked all the stakeholders in the financial sector and in the economy; expe

Monetary policy support to growth will be limited

RBI Monetary Policy Meeting Dec 2024 Updates: Catch all the updates here

Reserve Bank of India Monetary Policy Committee: Food prices likely to keep headline inflation up in the near future

Monetary policy support will be critical to China's economy next year as the US president-elect has vowed to impose steep tariffs on Chinese goods

This policy comes at a time when growth is slowing, inflation is still pretty high, and the rupee has started losing value against the dollar

Monetary policy may be 98 per cent talk and only 2 per cent action, but the cost of sending the wrong message can be high, Patra cautioned

SBI MD says banks would look for monetary policy stance and policy rate action to decide actions

Nayar emphasised the importance of local inflation factors like food and rent on inflation expectations

BS BFSI Summit: While food inflation is a prominent factor in India's economic policy, global influences, particularly from the US Fed, cannot be overlooked, say economists at Business Standard summit

Food inflation driven by supply side rather demand which is addressed by monetary policy

RBI's confidence on growth has surprised market participants at a time when high frequency indicators pointing towards slowing economic activity

Indices up about 1% as China rally loses steam

Ukraine and its Western allies had objected to the mission to Russia on grounds that it would show relations with Russia to have been normalised

If monetary policy cannot influence food inflation, why should it not subject its stance to non-food price spiral?

The trend of central banks following their American counterpart's lead is not always certain

The RBI estimate of growth, as well as, inflation for the current financial year remains unchanged, but there has been some fine-tuning

The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged with a majority of 4-2

RBI Monetary Policy Meeting 2024: Catch all the latest highlights on RBI's monetary policy announcements here

The new norms will pose requirements for higher liquid assets for the banks to shore up their LCRs