Tag: Rbi

It referred to the collapse of TerraUSD and Luna cryptocurrencies that threw many investors into a panic in May.

Das said the central bank acted as per the evolving economic developments and also gave out a timeline of its actions to explain the shift.

RBI Governor Shaktikanta Das, at the recent monetary policy committee review deliberations, had categorically said that India's retail inflation is likely to stay above the tolerance level till the third quarter of FY23 before moderating below 6 per cent.

Das said it is not for him to speculate or comment on what the exact measures can be.

Addressing a press conference, the governor said the RBI has changed the policy stance to drop the phrase "remains accommodative", and instead opted for "withdrawal of accommodation" for guiding its future moves.

At present, UPI facilitates transactions by linking savings or current accounts through users' debit cards.

The rate hike comes on the back of a 40 bps increase effected by RBI at an unscheduled meeting on May 4.

The rate hike comes on the back of a 40 basis points increase effected by RBI at an unscheduled meeting on May 4.

There are certain reports suggesting the finance ministry and the RBI were contemplating to use the faces of other prominent Indians, including Rabindranath Tagore and APJ Abdul Kalam, on banknotes of certain denominations.

Investors also await other macro economic forward looking guidances from the the central bank.

Candidates, who have applied for the post, can download their admit cards by visiting the official website of RBI- www.rbi.org.in.

The latest move comes days after banning the export of wheat in order to control rising inflation and to ensure availability in the domestic market.

Shaktikanta Das said the measures taken by RBI will have a sobering effect on retail prices.

Briefing the Parliamentary Standing Committee on Finance chaired by former minister of state for finance Jayant Sinha, top officials of the RBI, including its governor Shaktikanta Das, clearly expressed their apprehensions about cryptocurrencies and said these pose challenges to the stability of the financial system, sources said.

India's retail inflation accelerated to 7.79 per cent in April, remaining above the tolerance limit of the central bank for a fourth month in a row, data released on Thursday showed.