Articles for tag: Combat, DAS, Emerging, Emphasizes, Enhance, Fundamentals, Global, Markets, Resilience, Shaktikanta, Stability, Strong, Uncertainties

September 24, 2024

Shaktikanta Das emphasizes resilience through strong fundamentals to combat global uncertainties and enhance emerging markets’ stability.

Shaktikanta Das, the Governor of the Reserve Bank of India, emphasized the importance of strengthening fundamental economic practices to navigate global uncertainties. Speaking at the Himalaya Shumsher Memorial, he highlighted that a strong commitment to inflation targets, maintaining reserve buffers, and implementing prudent financial policies are essential for the resilience of emerging Market economies (EMEs). ...

September 23, 2024

Market News

Business

RBI Governor Shaktikanta Das remains firm on rates amid food inflation, as new MPC members prepare for a critical meeting.

RBI Governor Shaktikanta Das has decided to keep interest rates unchanged, and this decision is influenced by rising food inflation and slow progress on reducing overall prices. The upcoming Monetary Policy Committee (MPC) meeting in October is particularly important because it comes at a time when many global central banks are lowering rates. This meeting ...

September 20, 2024

Market News

Business

RBI Governor Shaktikanta Das stabilizes the rupee, amasses 0 billion in reserves, balancing export growth and economic stability amid global pressures.

RBI Governor Shaktikanta Das stabilizes the rupee, amasses $700 billion in reserves, balancing export growth and economic stability amid global pressures.

Shaktikanta Das, the Governor of the Reserve Bank of India, has skillfully balanced the rupee’s stability while supporting Prime Minister Modi’s export goals. India’s foreign exchange reserves have reached nearly $700 billion, echoing China’s past strategies. This approach has made the rupee less volatile, even as it hit record lows close to 84 per dollar. ...

September 13, 2024

Market News

Business

RBI Governor Shaktikanta Das warns of banking risks from global commercial real estate stress amid rising inflation concerns in India.

Reserve Bank of India Governor Shaktikanta Das has raised concerns about the potential risks banks face due to stress in the global commercial real estate sector. In a recent speech at the Future of Finance Forum in Singapore, he warned that liquidity issues could arise, particularly for banks with high commercial real estate loans. He ...

September 13, 2024

Market News

Business

RBI Governor Shaktikanta Das predicts India’s growth potential at 7.5% amidst balanced inflation and economic risks, addressing global finance in Singapore.

Reserve Bank of India Governor Shaktikanta Das, speaking at the Future of Finance Forum in Singapore, projected India’s growth potential at over 7.5 percent for the ongoing financial year, surpassing the RBI’s own estimate of 7.2 percent. He acknowledged a slower growth rate of 6.7 percent in the April-June quarter due to reduced government spending ...

September 5, 2024

Market News

Business

RBI Governor Shaktikanta Das reassures India’s growth amid slowing GDP, emphasizing inflation control and optimistic consumption and investment trends.

Shaktikanta Das, Governor of the Reserve Bank of India, affirmed that India’s economic growth story remains strong despite a slowdown in GDP during the first quarter. He highlighted that consumption and investment are both increasing. Das emphasized the need for new members in the Monetary Policy Committee to ensure timely meetings. He noted optimism in ...