Governor Shaktikanta Das of the Reserve Bank of India (RBI) stated on Friday that the real GDP growth for 2024–2025 is now anticipated to be 6.6%, with Q3 and Q4 growth rates of 6.8% and 7.2%, respectively. For the current fiscal year, the RBI had previously predicted that the Indian economy would rise by 7.2%. … Read more
The Reserve Bank of India (RBI) injected funds into the banking sector on Friday, with the weighted average call rate, a measure of short-term borrowing rates, rising 23 basis points above the policy repo rate to 6.73%. According to analysts, the RBI used a variable rate repo auction (VRR) to inject Rs 25,000 crore in … Read more
The Reserve Bank of India’s (RBI) deputy governor, M. D. Patra, spoke at the RBI’s 90th anniversary celebration in Mumbai on the topic of “Communicating Monetary Policy,” noting that central banks are still honing their methods for communicating with the public and that strengthening this “soft skill” is crucial for boosting their communication efforts. Patra … Read more
