Speeches & Media Interactions

Reserves remove doubt on ability to act: RBI Governor Shaktikanta Das Economic activities are expected to improve further going into July or into the second half, says Governor Das The Reserve Bank of India (RBI) is mindful of the entire yield curve and is not just focused on the 10-year bond. However, the 10-year bond has a larger impact on other rates. Hence, the central bank’s intervention in it was greater than in other papers, said RBI Governor Shaktikanta Das in

Participants from RBI: Shri Shaktikanta Das – Governor, Reserve Bank of India Shri M. K. Jain – Deputy Governor, Reserve Bank of India Dr. Michael D. Patra – Deputy Governor, Reserve Bank of India Shri M. Rajeshwar Rao – Deputy Governor, Reserve Bank of India Shri T. Rabi Sankar – Deputy Governor, Reserve Bank of India Shri Yogesh Dayal – Chief General Manager, Reserve Bank of India Shaktikanta Das: I would request the head of our Communication Department, Shri Yogesh

Participants from RBI: Shri Shaktikanta Das – Governor, Reserve Bank of India Shri M. K. Jain – Deputy Governor, Reserve Bank of India Dr. Michael D. Patra – Deputy Governor, Reserve Bank of India Shri M. Rajeshwar Rao – Deputy Governor, Reserve Bank of India Shri T. Rabi Sankar – Executive Director, Reserve Bank of India Shri Yogesh Dayal – Chief General Manager, Reserve Bank of India Yogesh Dayal (Moderator): Hello, and welcome to this post policy press conference f

What is your assessment of the economy? Growth impulses are gradually and steadily getting broad-based. The high-frequency indicators such as steel consumption, PMI for manufacturing and services are expanding, GST collections and e-way bills are showing improvement. Earlier, there was an impression that it was due to pent-up and festival demand. But now, it is genuine demand that is visible. The vaccination drive is giving greater confidence to consumers, so the dema

Edited Excerpts: Q: Let me start with the budget itself and this big borrowing programme, the four auctions after that have practically been either partially failed or fully failed. Do you think the bond market has not got your message, do you want to give a message to the bond market? A: If you go back into my monetary policy statements, right from October onwards – October and then again in February – I have given a very clear signal and explicit guidance to the bon

Participants from RBI: Shri Shaktikanta Das – Governor, Reserve Bank of India Shri B.P. Kanungo – Deputy Governor, Reserve Bank of India Shri M. K. Jain – Deputy Governor, Reserve Bank of India Dr. Michael D. Patra – Deputy Governor, Reserve Bank of India Shri M. Rajeshwar Rao – Deputy Governor, Reserve Bank of India Shri Yogesh Dayal – Chief General Manager, Reserve Bank of India Yogesh Dayal (Moderator): Good afternoon, all of you. I welcome the Governor and Deputy

Q1. Has it been an RBI throne or a crown with thorns? How has the two years been as RBI Governor? A: The position has been one of great responsibility. There have been two types of situations. It has been a great opportunity to work towards the betterment of the economy of this country. However, there have been challenges and difficulties. Q2. You have been successful in coming out of the image of your predecessors who were perceived to be reclusive. You have a very c

It has been two years since you became the governor. How do you describe the challenges in this role compared to your previous role as a bureaucrat? There have been several challenges and it is difficult to segregate one from the other. The pandemic is the biggest health crisis in a century leading to an economic one. The event by itself is once in 100 years. The level of direct accountability with the governor is very high. In RBI, the buck stops with the governor. W

Participants from RBI: Shri Shaktikanta Das – Governor, Reserve Bank of India Shri B.P. Kanungo – Deputy Governor, Reserve Bank of India Shri M. K. Jain – Deputy Governor, Reserve Bank of India Dr. Michael D. Patra – Deputy Governor, Reserve Bank of India Shri M. Rajeshwar Rao – Deputy Governor, Reserve Bank of India Shri Yogesh Dayal – Chief General Manager, Reserve Bank of India Yogesh Dayal (Moderator): It is really a great pleasure to have all of you here in this

In his first media interaction since the nationwide lockdown took effect to contain the spread of COVID-19, Reserve Bank of India Governor Shaktikanta Das told Cogencis that the central bank is yet to take a view on budget deficit monetisation or private placement of bonds. Below is the full transcript of the Governor's interview to Cogencis: (Note – Some elements of the transcript may be used with an attribution to Cogencis) Q. RBI has emerged as the first line of de