RBI Governor Shaktikanta Das rated ‘A+’ among central bankers globally
Global Finance Central Banker Report Cards 2023 names Das among top three central bank governors globally; PM Modi says “proud moment” for India
Global Finance Central Banker Report Cards 2023 names Das among top three central bank governors globally; PM Modi says “proud moment” for India
The RBI is widely expected to maintain a wait and watch approach and keep the policy repo rate unchanged for the third straight time at 6.5%.
Gross NPA ratio for SCBs in India was 4.41 per cent in December 2022, down from 5.8 per cent in March 2022, says Das
Das said in terms of value, transactions registered a growth of 17% worth ₹6.27 lakh crore in the past 12 months.
As per the RBI data, between the April and October period this year, the foreign direct investment (FDI) flows stood at $22.7 billion as against $21.3 billion in the same period last year.
CPI inflation is expected to remain above the upper threshold of 6% in Q3 and Q4 of this fiscal, while it is likely to moderate in the first half of FY24.
The RBI is widely expected to opt for a lower rate hike of 35-50 bps in interest rates, along with a change in policy stance to “neutral”.
The Indian rupee has appreciated against all major currencies barring the US dollar, says RBI governor.
The RBI is widely expected to raise the policy rate by another 50 bps at its policy meeting at the end of this month
As inflation continues to stay above the central bank’s target ceiling of 6%, the MPC is set to go for another round of rate hikes in its policy announcement on August 5.