A day before writing to the government detailing reasons for the central bank’s protracted failure to keep inflation below 6% as mandated by law, RBI Governor Shaktikanta Das on Wednesday asserted that while there had been slippage in the inflation trajectory, any premature policy tightening could have proved costly for the economy and the people of India. “We did not …
Reserve Bank of India Governor Shaktikanta Das said Central Bank Digital Currency is going to be a major transformation in the way business is done — the way transactions are conducted and highlighted that RBI is among the very few central banks in the world which have taken this initiative. While addressing FIBAC on November 2, Governor Shaktikanta Das said, …
The economy is gaining traction with gradual pick up in manufacturing activity and moderation in contraction of services, spurred by comfortable liquidity conditions, an RBI article on Tuesday said. Observing that the retreat of the second wave of coronavirus pandemic has been slow, the RBI in an article on the 'State of Economy' said, the aggregate demand conditions are buoyed …
