RBI press conference LIVE: It is supervisory action on Paytm, says Guv Das

RBI MPC Meeting Live Updates: RBI's MPC which began on February 6 has concluded today. The Central bank's MPC has decided to keep the repo rate unchanged at 6.5%. Catch all updates here

10:58 AM

RBI MPC meet updates: Here's what RBI Guv Das had to say on VRRR auctions

RBI Governor Shaktikanta Das says, "...The Reserve Bank undertook six fine-tuning variable rate reverse repo auctions, that is, VRRR auctions from February 2 to February 7, 2024 to absorb surplus liquidity. Financial market segments have adjusted to the evolving liquidity conditions to varying degrees. While the short-term rates have fluctuated. Long-term rates have remained relatively stable, reflecting better anchoring of inflation expectations, as indicated in the softening of the term spread in the government securities market. In the credit market, however, monetary transmission remains incomplete...Our policy stance is in terms of interest rate, which is the principal tool of monetary policy in the current framework. Our stance of withdrawal of accommodation should be seen in the context of incomplete transmission and inflation ruling above the target of 4% and our efforts to bring it back to the target on a durable basis. So far liquidity conditions are concerned these are being driven by exogenous factors which are likely to correct in the foreseeable future, aided by our market operations..."

 

 

 

10:46 AM

RBI MPC meet update: Economy making confident progress on strong, sustained growth path, says Das

RBI Governor Shaktikanta Das during his MPC meet address says, 'Indian economy making confident progress on strong, sustained growth path"

10:38 AM

RBI MPC meet update: Lenders to provide key fact statements regarding loans to borrowers

Lenders will have to provide key fact statements regarding loans to retail, MSME borrowers: RBI Guv.

 

 

10:37 AM

RBI MPC meet update: India will remain the highest recipient of remittances, says Guv Das

India will remain the highest recipient of remittances, says RBI Governor Shaktikanta Das. He further added that India's forex reserve at $622.5 billion; comfortable for meeting all foreign obligations.

 

 

10:36 AM

RBI MPC meet update: Key inputs from Guv Shaktikanta Das's address

We expect regulated entities to accord highest priority to compliance culture, protection of consumer interest

 

India's services export remained resilient during Oct-Dec period of FY'24

 

 

Domestic financial system remains resilient with healthy balance sheet, says RBI Governor

10:35 AM

RBI MPC meet update: Here's what Governor Das said on Indian rupee

Indian rupee saw lowest volatility in 2023-24, exchange rate has remained fairly stable: Das

 

10:34 AM

RBI MPC meet update: Q4FY25 GDP growth target at 6.9%, says Governor Das

GDP growth target of Q4FY25 is projected at 6.9 per cent, announces RBI Governor Shaktikanta Das

10:33 AM

RBI MPC meet update: CPI inflation target of 4% yet to be reached, says Das

Consumer price inflation (CPI) target of four per cent is yet to be reached, says Governor Das

10:32 AM

RBI MPC meet: Regulatory framework for electronic trading platform to be shared with stakeholders for review

Regulatory framework for electronic trading platform to be shared with stakeholders for review, says Governor Das as he makes some new announcements

10:30 AM

RBI MPC meet updates: Here's what Guv Shaktikanta Das said

RBI stresses it remains focused on aligning inflation target of 4 per cent on durable basis. 

In credit market, monetary transmission still remains incomplete. He further added, RBI remains nimble and flexible in managing liquidity. 

 

10:26 AM

RBI MPC meet updates: Monetary policy to stay vigilant to navigate disinflation

RBI Governor Das during his address says, monetary policy has to remain vigilant to successfully navigate last mile of disinflation:

10:25 AM

RBI MPC meet: Rising geopolitical tension impact supply chain, puts pressure on commodity prices, says Das

Increasing geopolitical tension impacting supply chain and putting pressure on commodity prices especially crude oil

10:24 AM

RBI MPC meet update: Retail inflation projected at 5.4% for current fiscal, 4.5% for FY24-25

RBI projects retail inflation at 5.4 pc for current fiscal, 4.5 pc for 2024-25: Guv Das

 

10:23 AM

RBI MPC meet updates: Rural demand gathers pace, urban consumption strong, says Das

Rural demand continues to gather pace, urban consumption remains strong, says RBI Governor

 

10:22 AM

RBI MPC meet updates: Investment cycle gains steam aided by thrust of govt capex

RBI Guv Das during his MPC meet address states that the investment cycle is gaining steam aided by sustained thrust of government capital expenditure: