Tag: RBI Governor Shaktikanta Das

RBI Is Using AI For Real-Time Data Analysis, Says Governor Shaktikanta Das

June 28, 2024 admin

The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics The Reserve Bank has ventured into Artificial Intelligence (AI) and Machine Learning (ML) analytics in multiple areas in order to develop cutting-edge systems for high frequency and real-time data monitoring and analysis, RBI Governor Shaktikanta Das said today. In his address…

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As RBI Buys Several Tons Of Gold, Governor Says ‘India Building Gold Reserves’

April 5, 2024 admin

RBI bought 8.7 tonne of gold in January alone which is the highest in two years. (Representational) Mumbai: Reserve Bank Governor Shaktikanta Das today said India has been building up gold reserves as part of its forex deployment. “We are building up gold reserves that is a part of our reserve deployment,” Governor Das told…

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Food price uncertainties to weigh on inflation trajectory; RBI retains FY’25 forecast at 4.5%

April 5, 2024 admin

The retail inflation in February was 5.1%, while inflation in the food basket was at 8.66%. The Reserve Bank of India (RBI) on April 5 said food price uncertainties continue to weigh on the inflation trajectory going forward, even as it retained 4.5% retail inflation projection for the current fiscal. In its first bi-monthly monetary…

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Food inflation keeps RBI worried

April 5, 2024 admin

The spike in food prices has kept the Reserve Bank of India (RBI) worried even though overall inflation has moderated to a certain extent. On April 5, the Central bank’s Monetary Policy Committee decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50%. This is the seventh time that…

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RBI pegs FY’25 GDP growth at 7% on improved consumption demand, private capex spends

February 8, 2024 admin

Reserve Bank of India Governor Shaktikanta Das. | Photo Credit: PTI The Reserve Bank of India (RBI) on February 8 projected GDP growth for the next financial year at 7% on the back of improved household consumption and upturn in private capex cycle. The real GDP growth is, however, lower than 7.3% estimated by the…

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RBI to introduce offline eRupee transactions soon: Shaktikanta Das

February 8, 2024 admin

Reserve Bank of India Governor Shaktikanta Das. File | Photo Credit: PTI Digital Rupee users will soon be able to execute transactions in areas with limited internet connectivity as the Reserve Bank of India (RBI) on February 8 announced that offline capability will be introduced on the Central bank digital currency (CBDC) pilot project. RBI…

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Rs 2,000 Notes Worth Rs 10,000 Crore Left In System: RBI Governor

October 20, 2023 admin

RBI Governor said only Rs 10,000 crore worth Rs 2,000 notes are still with people. New Delhi: Reserve Bank Governor Shaktikanta Das today said Rs 2,000 denomination notes are coming back and only Rs 10,000 crore worth of such notes are still with people. He exuded confidence that these notes will also be returned or…

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India Poised To Be Growth Engine Of World: RBI Governors Top Quotes

October 6, 2023 admin

The Reserve Bank of India has decided to retain the policy rate for the fourth time in a row, RBI Governor Shaktikanta Das said today, adding that the central bank is closely monitoring inflation. The governor said the Monetary Policy Committee (MPC) Here are the top quotes from the RBI governor’s address: “India is poised…

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RBI Committed To Bring Down Inflation To 4%: RBI Governor Shaktikanta Das

September 5, 2023 admin

RBI Governor said the central bank is committed to bringing down inflation to 4 per cent New Delhi: Reserve Bank Governor Shaktikanta Das today said the central bank is committed to bringing down inflation to 4 per cent and will remain watchful of risks as more frequent global supply shocks can have profound implications on…

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