The Russia-Ukraine crisis has led to a rush towards safe haven assets such as gold and the US dollar. Investors are selling riskier assets such as Indian equities.
New Delhi/Mumbai: The lone dissenter among India’s monetary policy setters sees the central bank’s inflation-targeting credibility at risk by keeping policy loose for too...
Lack of dedicated debt agency leads to conflict between managing govt debt and inflation. RBI chose former, but rate hike would have helped normalisation, attracted foreign funds.
Few were as bold in the first two years of pandemic as Indonesia, which used the central bank to directly finance an expansion in govt spending. But times have changed.
In a conversation with Shekhar Gupta at 'Off The Cuff', Gita Gopinath says India must maintain its momentum on spending to provide support to the economy.
This is the ninth time in a row that the MPC has maintained the status quo. RBI had last revised its policy repo rate on 22 May 2020 in an off-policy cycle to perk up demand.
RBI Governor Shaktikanta Das says Monetary Policy Committee unanimously decided to continue with accommodative stance to support growth, keep inflation within target.
Barring a second wave, India stands poised to shrug off the deathly grip of the virus and renew its tryst with its pre-Covid growth trajectory, says RBI Governor Das.
The Army has plans for a technology thrust in the near term, including the use of AI to support decision-making. While well-intentioned, this may have unintended consequences.
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