RBI rejigs portfolios of deputy governors following Viral Acharya’s exit
NEW DELHI: With the exit of Viral Acharya, the Reserve Bank of India (RBI) on Tuesday rejiged portfolios of the other three deputy governors giving the important monetary policy and forecasting department to B P Kanungo, an official release said. The monetary policy department, including forecasting and modelling unit, was earlier looked after by Acharya, […]
RBI Dy Governor Viral Acharya, who brought to light differences with Narendra Modi government, quits
NEW DELHI: Viral Acharya, the RBI Deputy Governor who had in October last year brought to light tensions with the government over independence of the central bank, has resigned six months before the scheduled end of his term in the office. Acharya, 45, who was the only Deputy Governor of Reserve Bank of India (RBI) […]
Reserve Bank of India cuts repo rate by 25 basis points; first since August 2017
NEW DELHI: The Reserve Bank of India (RBI) reduced repo rate by 25 basis points to 6.25 per cent on Thursday, in a bid to boost lending and fuel growth before the general elections due in April. The RBI’s Monetary Policy Committee factored in low inflation and crude oil prices. The committee concluded its first […]