shaktikantadas
By Mohammed Kudrati The Reserve Bank of India [RBI] today kept its benchmark policy repo rate unchanged at 6.5% for the second time, after it first announced a pause on its rates in its April statement. The pause in April came after six bi-monthly rate hikes since May 2022. There was unanimous voting for the move at the bi-monthly meeting by the six-member Monetary Policy Committee on the back of easing retail inflation, which hit an 18-month low. The consumer price inflation (CPI) has eased to 4.7% in April. However, Governor Shaktikanta Das said that headline inflation remains above the tole...
BOOM Live
By Mohammed Kudrati The Governor of the Reserve Bank of India (RBI) - Shaktikanta Das on Wednesday announced that the central bank was hiking the policy repo rate by 35 basis points, or 0.35 percentage point, to 6.25% in a sign of slowing interest rate hikes. But the RBI has not put an end date to rate hikes, stating that it was not ruling out further monetary policy intervention to get inflation under control and to sustain growth. Officially, during the pandemic, the RBI had adopted an 'accommodative' stance. The governor said that the RBI was moving towards withdrawal of accommodation to ke...
BOOM Live
By Mohammed Kudrati A viral video purporting to show Reserve Bank of India (RBI) Governor Shaktikanta Das, apparently cautioning against payment application fraud, is morphed. The video is made in a way which purports to show Das advising against payment application fraud - more specifically committed through the misuse of apps like PhonePe, Google Pay (GPay) and PayTM - which offer payment services and are payment aggregators. While the clip shows visuals of Das speaking, BOOM found that the audio and the original voice is of a YouTuber called Mausam Nagpal, where he is originally speaking ab...
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