
UPI transactions up 50% to 36 cr in one year: RBI Governor
Das said in terms of value, transactions registered a growth of 17% worth ₹6.27 lakh crore in the past 12 months.
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.
Inflation is likely to remain in the upper tolerance band in the first 3 quarters of FY23, says RBI governor Shaktikanta Das.
Analysts think governor Shaktikanta Das-led RBI MPC will hike the repo rate by up to 50 bps to 4.9% to curb rising inflation; expect to move away from ‘ultra-accommodative’ stance.