According to an Apollo Hospital medical bulletin, Das experienced acidity on Monday night and was admitted to the hospital
Das had been admitted to hospital in the southern city of Chennai and was kept under observation, the spokesperson said in a statement
RBI Governor Shaktikanta Das has been admitted to Apollo Hospital in Chennai; RBI spokesperson said that he is doing fine now and will be discharged soon
'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
Says need to curb unethical practices such as mis-selling of products
Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said that the Indian economy and financial sector are well placed to handle any kind of spillovers from global events. The country's external sector is also strong and our current account deficit has remained within manageable limits and stood at 1.1 per cent. "Today, the growth of the Indian economy presents a picture of stability and strength," he said, while addressing a programme as part of the launch of the Kochi International Foundation here. Earlier, in 2010 and 2011 it was in the range of six to seven per cent, he pointed out. Das also cited that India has one of the largest foreign exchange reserves in the world at about USD 675 billion. On inflation, the RBI Governor said, "it is expected to be moderate despite periodic humps," India's inflation rose to 6.2 per cent in October from 5.5 per cent in September because of food inflation. He compared inflation to an elephant in the room. "Now the elephant has
Important to note that the exchange is a barometer of the economy's strength, Governor Shaktikanta Das says
RBI's Monetary Policy Committee has kept the repo rate at 6.5% since February 2023. Retail inflation hit a 14-month high in October
Four key positions will become vacant over the next four months, marking a potential reshuffle by the end of the current financial year
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A change in stance does not signal an immediate rate cut, the Governor said
He said the Indian financial sector is resilient enough to deal with any spillover from the external world on a day markets turned volatile following the US election results
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RBI Governor Shaktikanta Das discusses the difficulty in monitoring unsecured loans at the Business Standard BFSI Insight Summit
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