
Indian economy resilient despite hostile challenges: Shaktikanta Das
India is a bright spot in an otherwise gloomy world; inflation remains elevated but breather in Nov, Dec, says Das.
India is a bright spot in an otherwise gloomy world; inflation remains elevated but breather in Nov, Dec, says Das.
The RBI Governor says the global trade outlook for 2023 remains "overcast", but greater intra-regional trade can enhance growth and job opportunities in the region.
RBI governor Shaktikanta Das says there are signs of inflation slowing down but it is only expected to decline in H1 FY24.
The RBI governor says private cryptos should be prohibited. If they are allowed to grow, they could cause the next financial crisis, he adds.
Q3 FY23 GDP growth revised down to 4.4% . Shaktikanta Das says GDP growth in India remains resilient and inflation is expected to moderate, but the battle against inflation is not over.
The Indian rupee has appreciated against all major currencies barring the US dollar, says RBI governor.
The Indian currency is trading at a record low against the US dollar.
RBI Governor Shaktikanta Das says the world has been confronted with one crisis after another in the past two-and-a-half years. Now, aggressive policy tightening is the third shock.
With this, the key repo rate has risen by 190 bps in the past five months. RBI governor says economy remains resilient and financial system remains intact, with improved parameters.
The rupee touches 81.94 against the dollar. It has already depreciated 9% against the US dollar in 2022 so far.