RBI Governor Shaktikanta Das Current Affairs - 2020

India’s Retail inflation dips marginally from 6.73% of July to 6.69% in August: Important facts

The data released by the government showed a slight downfall of CPI-based Retail inflation in India from 6.73% of July to 6.69% in August. Food inflation in August also degraded marginally to 9.05% from the previous 9.62%. What is retail inflation? Retail inflation is the increase in the price of goods which is sold at Read More…

RBI Monetary Policy: Bank keeps repo rate unchanged

On August 6, 2020, the six-member Monetary Policy Committee (MPC) of Reserve Bank of India held its meeting in New Delhi. The committee was headed by RBI Governor Shaktikanta Das. Highlights During the meet, the following key decisions were taken The repo rate was kept the same at 4% The reverse repo rate was kept Read More…

RBI: Cuts repo rate to 4.4%; CRR to 3%; 3-month moratorium allowed on all loans

On March 27, 2020, the Reserve Bank of India announced series of measures to counter economic slowdown caused due to COVID-19. The Central bank advanced its Monetary Policy Committee meet due to COVID-19 pandemic. This was the 7th Bi-Monthly Monetary Policy Statement of the RBI for the financial year 2019-20. The RBI measures introduced is Read More…

RBI Deputy Governor Viral Acharya quits before his term ends

Viral Acharya Deputy Governor of Reserve Bank of India (RBI) has resigned from his position 6 months before the end of his term citing reason as unavoidable personal circumstances. Acharya, who joined RBI on 23 January 2017 for a three-year term, was youngest deputy governor of RBI post economic liberalisation. He may now return to Read More…

RBI Monetary Policy review: Repo rate lowest since 2010

The Reserve bank of India (RBI) in its bi-monthly monetary policy review reduced repo rate by 25 basis points to 5.75% from current 6.0% with immediate effect. This is RBI’s third cut this year and has reduced Repo rate at lowest since 2010. Key Highlights With Repo Rate adjusted to 5.75%, consequently Reverse Repo Rate Read More…