The Latest Breaking News from Shaktikanta Das

The Monetary Policy Committee (MPC) of the Reserve Bank of India decided to raise the key benchmark interest rate by 25 basis points to 6.5 per cent on Wednesday. Read further on Dynamite News:

Mumbai (AFP) - India's central bank governor warned Wednesday that cryptocurrency markets risked causing the next global financial crisis, saying the recent collapse of FTX was proof of the sector's "inherent risks".

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:

India’s central bank has raised its key interest rate to 5.90% and said developing economy were facing slowing growth, elevated food and energy prices, debt distress and currency depreciation

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A rate increase was needed to prevent inflation expectations from stymieing growth

India’s central bank has raised its key interest rate by a half percentage point to 5.4% in its third such hike since May as it focuses on containing inflation

Mumbai (AFP) - India's central bank on Friday hiked interest rates for the third time in four months, as Asia's third-largest economy contends with a widening trade deficit and weakening currency.

The rupee might still be overvalued despite the recent slump