Former RBI Governor Dr. Urjit Patel appointed as Executive Director of the IMF for a three-year term. The ACC approved his posting, marking a significant milestone for India’s representation in global financial institutions.
Raghuram Rajan said that being overly dependent on a single country can be a threat to India and this is a serious warning. He said that in today’s global environment, trade, investment and finance are being used as weapons, so India will have to take steps very thoughtfully.
Sanjay Malhotra, in his new role, will oversee the bank’s several functions, including monetary policy and ensuring economic stability in the country. Read further on Dynamite News:
Sanjay Malhotra will assume office on December 11, 2024 for a period of three years, according to a notification issued by the appointment committee of the cabinet: Read further on Dynamite News:
The Monetary Policy Committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fifth straight time.
The Reserve Bank of India in its three-day monetary policy committee meeting unanimously decided to keep the repo rate unchanged at 6.5 per cent, something most financial markets had expected. Read further on Dynamite News:
Governor Shaktikanta Das said, “Yesterday, we launched the trial of our digital currency, Central Bank Digital Currency (CBDC) project. It was indeed a landmark moment in the history of currency in our country. Read on for details:
Mumbai The Reserve Bank of India (RBI) on Friday hiked repo rate”>rate by 50 basis points to 5.90 per cent in order to control the rising inflation, keeping in line with the aggressive policies of central banks and the volatile markets prevalent across economies. Read more on Dynamite News:
Reserve Bank of India (RBI) on Wednesday hiked policy repo rate by 50 basis points (bps) to 4.90 per cent with immediate effect. Read further on Dynamite News:
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