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Will keep a tight vigil on infaltion, RBI governor Das said.
Central bank's stand on the issue remains unchanged despite wider acceptance in other countries, Shaktikanta Das says
Most of the Rs 2,000 notes that were withdrawn expected to be returned by September 30 deadline, says Shaktikanta Das
The RBI governor exuded confidence that the Indian banking system remains remarkably resilient and stable despite the banking crisis that has been unfolding in the US.
Reserve Bank of India Governor Shaktikanta Das also announced the bi-monthly monetary policy on Wednesday.
In India, the retail inflation rose to 7.41% September.
Indian economy continues to be resilient in midst of global turmoil, said RBI Governor Shaktikanta Das.
He said the financial stability, macroeconomic stability, and resilience of growth are being witnessed despite two Black Swan events happening one after the other and multiple shocks.
RBI Governor Shaktikanta Das said the available information for April and May 2022 indicates that the recovery in domestic economic activity remains firm, with growth impulses getting increasingly broad-based.
The decision follows an unscheduled meeting of the Monetary Policy Committee (MPC), with all six members unanimously voting for a rate hike while maintaining the accommodative stance.
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