michael patra

MUMBAI: Reserve Bank of India deputy governor Michael Patrasaid that the front-loading of interest rate hikes to tame inflation will reduce the need for subsequent increases. In the near term, however, he said the inflation trajectory…

NEW DELHI: Inflation trajectory continues to be "heavily contingent" upon the evolving geopolitical developments, international commodity prices and global financial sector developments, Reserve Bank deputy governor Michael Debabrata…

The US Deputy Secretary of Treasury Wally Adeyemo on Wednesday said there is "no evidence" of Indian companies circumventing the sanctions imposed following Russia's invasion of Ukraine. "I've seen no evidence of Indian companies…

MUMBAI: The Reserve Bank's rate setting panel is likely to opt for slowing down the pace of hikes and increase the repo rate by 0.25 per cent in September, Deutsche Bank said on Monday. The central bank has already hiked the repo rate by…

MUMBAI: Hinting at the likelihood of further rate hikes in the October policy, a report released by the RBIon Thursday said that inflation continues to be above target level and may require a response. The easing of inflation in July…

Indications are that inflation has peaked in April itself and will fall within the upper tolerance band of 6 percent in the first quarter of FY'23-24. But later bringing it further down could be a challenge according to a team of Reserve…

MUMBAI : India can sustain a current account deficit (CAD) of 2. 5% to 3% of the gross domestic product (GDP) without getting into an external crisis, RBI deputy governor Michael Patrasaid on Saturday. He added that India would also…

MUMBAI: US government has shared with Indian authorities how sanctioned Russian oil processed in India is making it to US manufacturers. This was revealed by a senior Reserve Bank of India official on Saturday. RBIdeputy governor…

MUMBAI: India can sustain a current account deficit (CAD) of 2.5% to 3% of the gross domestic product (GDP) without getting into an external crisis, RBI deputy governor Michael Patrasaid on Saturday. He added that India would also…

The United States has expressed concern to India that it was being used to export fuel made from Russian crude, through high-seas transfers to hide its origin, to New York in violation of U.S. sanctions, a top Indian central banker said…