Tag: michael patra

RBI focus is on clarity in communication since it adopted flexible inflation targeting: Deputy governor Michael Patra
Posted in Economy

RBI focus is on clarity in communication since it adopted flexible inflation targeting: Deputy governor Michael Patra

The Reserve Bank of India (RBI) has emphasized clarity in communication, in line with global best practices, after having adopted flexible inflation targeting as a…

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The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai, India, February 2, 2016.(Danish Siddiqui/Reuters)
Posted in Business

RBI invites applications for deputy governor post. How to apply?

The Reserve Bank of India (RBI) has invited applications for the post of Deputy Governor through an official advertisement dated Monday, November 4, 2024. The…

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Boosting macro fundamentals best defence vs global risks: RBI's DY Guv Michael Patra
Posted in Economy

Boosting macro fundamentals best defence vs global risks: RBI’s DY Guv Michael Patra

Fortifying India’s macroeconomic fundamentals is the best shield against elevated global uncertainties, a deputy governor of the country’s central bank said in New York on…

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inflation: Rate hikes since May '22 helped reduce inflation by 1.60%: RBI paper
Posted in Economy

inflation: Rate hikes since May ’22 helped reduce inflation by 1.60%: RBI paper

The cumulative rate hikes of 2.5 percentage points by the central bank since May 2022 negatively impacted headline inflation by 1.60 per cent, a paper…

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RBI's Michael Patra says climate, tech risks a threat to inflation targetting
Posted in Economy

RBI’s Michael Patra says climate, tech risks a threat to inflation targetting

Risks posed by climate change and digitalisation are likely to make it tougher for central banks to implement inflation-targetting monetary policy in the coming years,…

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Retail inflation likely to average 4.5 pc in 2024-25: RBI DG Patra
Posted in Economy

Retail inflation likely to average 4.5 pc in 2024-25: RBI DG Patra

The retail inflation is projected to average 4.5 per cent in 2024-25 and align with the target on a durable basis by 2025-26, RBI deputy…

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India needs faster growth for a decade to meet goals, says RBI deputy governor Michael Patra
Posted in Economy

India needs faster growth for a decade to meet goals, says RBI deputy governor Michael Patra

India will need rapid economic growth for a decade in order to achieve Prime Minister Narendra Modi’s goals of becoming a developed country by 2047,…

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RBI's Michael Patra on what'll largely finance India's investment needs in coming decades
Posted in Economy

RBI’s Michael Patra on what’ll largely finance India’s investment needs in coming decades

Domestic savings have been crucial in financing India’s investment requirements and are expected to remain the predominant source of net lending in the coming decades,…

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Indian Diaspora: Indian economy benefited from diaspora: RBI's Michael Patra
Posted in Economy

Indian Diaspora: Indian economy benefited from diaspora: RBI’s Michael Patra

The Indian diaspora contributed substantially to the country’s forex reserves pile-up. In addition to sending record amounts- $108 billion – as remittances to their families…

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Posted in Economy

Liquidity surplus at 9-mth peak on high govt spend, FPI inflows

Liquidity surplus in the banking system, measured by funds that lenders park with the central bank, climbed to its highest level in 9 months on…

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