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RBI Governor Press Conference Highlights: RBI Governor made big announcements today, know special things

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RBI Governor Speech Highlights: Reserve Bank Governor Shaktikanta Das made several announcements by holding a press conference today, which will have an impact on the common people. The Reserve Bank has made many announcements, ranging from increasing the repo rate to increasing the cash reserve ratio. Know here what RBI Governor said in his press conference.

  1. The RBI Governor said after the meeting of the Monetary Policy Committee held without any schedule that inflation is rising due to geopolitical tensions.
  2. RBI decided to increase the standard interest rate by 40 basis points to 4.40 per cent in its regular policy review to control inflation.
  3. RBI Governor Shaktikanta Das has made it expensive for banks to take loans and increased the repo rate by 0.40 percent to 4.40 percent. At the same time, the CRR was also increased by 0.5 percent to 4.50 percent.
  4. RBI Governor Shaktikanta Das said that the situation of scarcity and volatility in commodity and financial markets is becoming more serious.
  5. The RBI governor said that the central bank had announced its intention to withdraw the liberal stance.
  6. RBI Governor Shaktikanta Das said that the Monetary Policy Committee of the Reserve Bank unanimously decided to continue with the soft monetary stance.
  7. Reserve Bank Governor Shaktikanta Das said that the inflation rate remains above the target’s upper limit of 6 percent, while it is likely to remain high in the month of April as well. Retail inflation stood at 6.9 percent in March.
  8. The RBI governor has said that there has been a slowdown in global economic activity and pace and its effect is being seen on the Indian markets as well.
  9. Inflation pressure is increasing in the country. There is also a decrease in the commodity market. According to the rule book on monetary policy, work is not done.
  10. The RBI Governor has said that in view of the increasing pressure of inflation in the country, it has become necessary to do so, so this decision is being taken. Apart from this, it became necessary to change the policy rates in the country according to the geo-political conditions.

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