If we see higher inflation in September-October and 7% GDP growth in September quarter, will the RBI go for a rate cut in December? Or, will that be pushed to February?
Regulator closely monitoring situation and will not hesitate to take appropriate action, he says
We have to be very careful because there is every chance that inflation will simply bolt again, says Das
RBI Monetary Policy Meeting October 2024 highlights: Catch all the latest news updates on RBI's monetary policy announcements here
MPC to 'remain unambiguously focused' on a durable alignment of inflation with the target, while supporting growth
In a press statement after the RBI's Monetary Policy announcement, RBI Governor Shaktikanta Das said the inflation worries have eased but there is a need for greater vigilance
During the RBI MPC announcement, Shaktikanta Das announced increased UPI transaction limits for UPI123Pay and UPI Lite wallet, a move aimed at boosting UPI adoption
The policy remains open-ended on the future possibility of rate cut, which sounds reasonable given that the future course of inflation is hard to gauge
Governor Shaktikanta Das said that India's real GDP grew by 6.7 per cent in Q1. For FY25, the RBI kept its GDP projection unchanged at 7.2 per cent
For the last nine consecutive meetings, the RBI has maintained the repo rate at 6.50 per cent, balancing inflation control with economic growth objectives
Latest RBI data showed, India's foreign exchange reserves surpassed the $700 billion mark
Govt appoints Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as new external members of RBI's Monetary Policy Committee
Govt appoints Ram Singh, Saugata Bhattacharya, and Nagesh Kumar as new external members of RBI's Monetary Policy Committee
Most large central banks have been grappling with high inflation rates over the past couple of years after having misjudged the early warning signs
Have larger responsibility of maintaining financial stability'
India's current account deficit has also narrowed recently thanks to cheaper oil from Russia and global firms setting up service hubs
Rupee strength driven by strong fundamentals, not because of artificial intervention
Our stated policy is to prevent excessive volatility of the rupee, said Reserve Bank of India governor Shaktikanta Das
'We still have distance to cover,' Das says on inflation