RBI press conference LIVE: Currency circulation will pick up soon, says Guv

RBI MPC Meeting Live Updates: Governor Shaktikanta Das begins policy statement, catch all the latest updates here

12:36 PM

The currency in circulation to pick up soon, says Governor

The currency in circulation to pick up soon as we approach the festival season, says Governor

He added that the RBI will ensure that there is enough liquidity for banks to continue smoothly.

12:32 PM

Incremental CRR move to suck out a little over Rs 1 trn of excess liquidity: Das

Incremental CRR move to suck out a little over Rs 1 trillion of excess liquidity, says RBI Governor Shaktikanta Das

 

12:21 PM

Surplus in liquidity due to the withdrawal of Rs 2000 bank notes, says RBI Governor

Overall there is a surplus in liquidity due to the withdrawal of Rs 2000 bank notes. Till now 87 per cent of all Rs 2000 notes are back: Guv Das

12:17 PM

Private investment in key sectors on a rise, says RBI Governor

Private investment is seen on a rise in key sectors such as petroleum, chemical, and metal industry, says Governor

12:13 PM

UPI internationally recognised advanced payment system: Das

The UPI system is internationally recognised and some advanced countries will be added to this system soon, says RBI Governor 

12:09 PM

RBI MPC: Can't have knee jerk reactions, says Guv Das

Reserve Bank governor Shaktikanta Das said that the MPC needs to remain watchful and there can be no knee jerk reactions

12:06 PM

Recent spike in CPI inflation to be short-lived, says RBI Governor Shaktikanta Das

The recent spike in the Consumer Price Index (CPI) inflation is expected to be short-lived, says RBI Governor

11:57 AM

RBI press conference to begin shortly

The Reserve Bank of India (RBI) will soon start its press conference shortly.

11:08 AM

33 rice mills in Maha's Gondia blacklisted for supplying poor quality rice

As many as 33 rice mills in Maharashtra's Gondia district have been blacklisted for next three years as the rice supplied by them has been found to be inferior quality and not fit for human consumption, officials said.

Gondia Collector Chinmay Gotmare issued an order to this effect on August 4.

 

10:33 AM

ASI survey continues at Gyanvapi Mosque complex on Day 7

As the Archaeological Survey of India (ASI) continues its scientific survey of the Gyanvapi complex on the seventh day, an advocate representing the Hindu side, on Thursday said that the both Hindu and Muslim sides are cooperating and are abiding by the court order.

While speaking to ANI, Advocate Shubhash Nandan Chaturvedi said," The ASI survey is proceeding smoothly and in a systematic way. Both Hindu and Muslim sides are cooperating and abiding by the court's order."

10:22 AM

FY24 inflation projection increased to 5.4% from 5.1%, announces Governor Das

RBI Governor Shaktikanta Das announced that the MPC decided to increase FY24 inflation projection to 5.4 per cent from 5.1 per cent amid increasing food prices

10:17 AM

Headline inflation remains higher than 4% target: RBI Guv Das

Monetary policy transmission still underway, headline inflation remains higher than 4 pc target: RBI Guv.

 

10:16 AM

MPC to remain watchful of inflation: RBI Governor Shaktikanta Das

RBI Governor Shaktikanta Das says that the MPC remains resolute in its commitment to align inflation with the 4% target and anchor inflation expectations. The cumulative rate hike of 250 bps from FY23 is working its way through the economy

10:14 AM

MSF, Bank Rate remain unchanged at 6.75%, announces Governor Das

The Marginal Standing Facility Rate (MSF) and Bank Rate also remains unchanged at 6.75 per cent, RBI Governor Das announced

 

10:10 AM

Policy stance unchanged at ‘Withdrawal Of Accommodation’, says RBI Guv

RBI Governor said that the Monetary Policy Committee decided to keep the policy stance unchanged at ‘Withdrawal Of Accommodation’ with 5 of 6 MPC members supporting for this stance.