Mumbai: Reserve Bank of India governor Shaktikanta Das has said the moderate hike in the policy rate — first since the cycle began last May — gives the central bank the leeway to make appropriate data-driven changes in the policy going forward. The RBI governor stopped short of making any forward looking statement on the … Read more
Reserve Bank of India Governor Shaktikanta Das did what the market wanted him to do – keep rates and monetary stance unchanged. But he said something it didn’t want to hear – that the punch bowl is being taken away. After being a crusader for economic growth during his entire first term and the first … Read more
NEW DELHI: When Consumer Price Inflation – RBI’s monetary policy anchor— rose to a six-month high of 6.30 per cent in, May equity and debt markets started preparing themselves for the obvious response from the central bank, whose mandate is the consumer price gauge – normalisation of policy. But RBI Governor Shaktikanta Das and Deputy … Read more