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The CRR has been reduced from 4.5 per cent to 4 per cent. This is the first time since March 2020 that the CRR has been cut

Raises inflation target to 4.8 per cent from previous projection of 4.5 per cent for current fiscal

"Reserve Bank of India Governor Shaktikanta Das experienced acidity and was admitted in Apollo Hospital, Chennai for observation,” said an RBI spokesperson

In response to a post on X by the Reserve Bank of India, PM Modi congratulated RBI Governor Shaktikanta Das, saying, “Congratulations to RBI Governor Shri @DasShaktikanta for achieving this feat for the second time.” He added, “This recognition reflects his leadership at the RBI and his efforts to promote economic growth and stability.”

The RBI has proposed to introduce a new provision called "Delegated Payments" through UPI. The step is aimed at further deepening the reach and usage of digital payments.

Keeps growth projection unchanged at 7.2 per cent for the current fiscal

Opens at 83.94 against the greenback, touches 83.93, registering a rise of 2 paise over its previous closing price

RBI Governor Shaktikanta Das said on Friday that this will enable customers to automatically replenish the balances in Fastag, NCMC, etc. if the balance goes below the threshold limit set by them. This will enhance convenience in making travel-related payments.

On Friday, RBI Governor Shaktikanta Das announced the majority decision of the MPC to maintain the repo rate at 6.5 percent.

Governor Das Addresses Delhi Gathering, Notes Economic Complexity and Strong Dollar Index

Wednesday's MPC meeting is the last one for this fiscal.

The monetary policy framework, which came into effect about six years ago, mandates the Reserve Bank of India (RBI) to maintain retail inflation at 4 per cent with a margin of 2 per cent on either side.

With the latest hike, the repo rate or the short term lending rate at which banks borrow from the central bank is now close to 6 per cent.

New Delhi: India’s retail inflation for May moderated from the previous month and came in at 7.04 per cent. However, it remained above RBI’s 6 per cent upper tolerance band for a fifth month in a row, data released on Monday showed. The retail inflation stayed well above the RBI’s tolerance limit due to high […]

Mumbai: The Reserve Bank of India on Wednesday retained its growth projection at 7.2 per cent for the current fiscal on the back of improvement in urban demand and gradual recovery in rural India. Unveiling the third monetary policy for the current fiscal, RBI Governor Shaktikanta Das said the Indian economy remained resilient, and the […]

Mumbai: Reserve Bank of India (RBI) on Friday kept the benchmark interest rate unchanged at 4 per cent and decided to continue with its accommodative stance despite rising inflation. This is the 11th time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained the status quo. RBI […]

Mumbai: Cryptocurrency is privately created and it is a very big threat to the country’s macroeconomic and financial stability, RBI Governor Shaktikanta Das said on Thursday. Replying to a question, Das said, “Cryptocurrency or currency which have currency like character, they will undermine the RBI ability to deal with issues of financial stability.” RBI Governor […]

Das was appointed the RBI's 25th governor on December 11, 2018, initially for a period of three years.

This is the eighth time in a row that the Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das has maintained status quo.

There are incipient signs of stress in the micro, small and medium enterprises (MSMEs) and retail segments," said the recently released Financial Stability Report for July 2021.