Meeting begins on Wednesday against backdrop of Q2 GDP growth slowdown
Das himself has largely refrained from discussing his own future, telling Bloomberg a few months ago that he's focused on his work at the RBI
Says India well-placed to deal with any spillover effects of global shocks
'In the long run, price stability supports sustained high growth. Price stability is also important because high inflation is disproportionately burdensome on the poor'
The RBI has used its nearly $700 billion forex pile to prevent wild swings in the rupee, making it one of the least volatile currencies in the world
Das has already been the RBI's governor for longer than the typical five-year maximum of recent decades and a further extension would make him the longest-serving since Benegal Rama Rau
Business Standard BFSI Summit 2024 highlights: Catch all the updates related to the BFSI summit here
A change in stance does not signal an immediate rate cut, the Governor said
Business Standard BFSI Summit 2024 updates: Catch all the updates related to the BFSI summit here
RBI Governor Shaktikanta Das discusses inflation outlook and economic resilience at the Business Standard BFSI Insight Summit
RBI Governor explains regulatory actions in conversation with Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit
The dollar index climbed 1.5 per cent to a four-month high of 105.19 as trends signalled an edge for Republican candidate Donald Trump, prompting interest in so-called 'Trump trades.
RBI Governor Das gets the A+ grade for second consecutive year; key areas, including inflation control and economic growth targets, evaluated
Balance between inflation & growth is well-poised, the Indian economy reflects a picture of stability and strength, said Shaktikanta Das
Cryptocurrencies are huge risks to financial stability, and monetary stability, Reserve Bank of India Governor Shantikanta Das said Friday, asserting it may create a situation where the central bank may lose control of money supply in the economy. I am actually of the opinion that this is something which should not be allowed to dominate the financial system. Because it has huge financial stability risks, it has huge monetary stability risks, it also poses risks to the banking system. It also may create a situation where the central bank may lose control of money supply in the economy, RBI Governor Shantikanta Das said during his appearance at the Peterson Institute for International Economics, a think-tank. If the central bank loses control of money supply in the economy, how does the central bank check liquidity available in the system? How does a central bank control inflation by squeezing money supply or by losing money supply in times of crisis? So, we see crypto as a big risk,
India's central bank has been opportunistically building its foreign exchange reserves which now cover the external debt, all debt servicing requirements and are equivalent to or close to 12 months
Yield on benchmark 10-year government bond settled at 6.81 per cent on Friday
Feasibility of expanding RTGS to settle transactions in USD, Euro, GBP can be explored
Divergence in global monetary policies can be expected to lead to volatility in capital flows and exchange rates, which may disrupt financial stability, says Das
Global index provider FTSE Russell said it will include India's sovereign bonds in the Emerging Markets Government Bond Index from September 2025, potentially drawing billions of dollars into bonds