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The Latest Breaking News from Michael Patra

Investors lose Rs 6.97 lakh crore in 4 days as stock markets fall

NEW DELHI: Domestic equity indices extended their fall for the fourth session in a row, wiping off Rs 6.97 lakh crore of investor's money.

The Times of India · Feb 22, 2023

Retail inflation eases to 11-month low of 5.88% in November

NEW DELHI: Retail inflation based on consumer price index (CPI) eased to 11-month low of 5.88% in November, data released by the government showed on Monday.

The Times of India · Dec 12, 2022

Lagged data, frequent reviews make monetary policy's task challenging: RBI deputy governor Michael Patra

MUMBAI: Reserve Bank deputy governor Michael Patra on Thursday said formulating monetary policy is a challenging task in a volatile environment like the current one, given lagged data inputs, which are also frequently reviewed.

The Times of India · Nov 24, 2022

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RBI policymakers divided on future path of rates, meeting minutes show

MUMBAI: The Reserve Bank of India's (RBI) monetary policy committee may lean more on data in deciding the key interest rate going ahead even as policymakers appeared divided on the future path of rate hikes, minutes of its September meeting suggested on Friday.

The Times of India · Oct 14, 2022

No evidence of Indian companies circumventing Russian sanctions: US official

MUMBAI: The US Deputy Secretary of Treasury Wally Adeyemo on Wednesday said there is "no evidence" of Indian companies circumventing the sanctions imposed following Russia's invasion of Ukraine.

The Times of India · Aug 24, 2022

India says US raised concern over processed Russian oil shipment

NEW DELHI — The U.S. expressed concern that an Indian company hid the origin of Russian oil, processed it and shipped some products to New York, according to a deputy governor of India’s central bank.

Tribune News Service · Aug 13, 2022

Ukraine war threatens another global recession, deglobalisation: RBI deputy governor

MUMBAI: The sweeping economic sanctions on Russia - the second largest producer of crude oil - following its invasion of Ukraine late last month can cull global and domestic growth along with the added pains of higher inflation and currency depreciation, RBI deputy governor Michael Patra has said.

The Times of India · Mar 11, 2022

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