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Shaktikanta Das: Contrarian Banker

Shaktikanta Das: Contrarian Banker

Reserve Bank of India Governor Shaktikanta Das

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Reserve Bank of India Governor Shaktikanta DasReserve Bank of India Governor Shaktikanta Das
Anand Adhikari
  • Jan 8, 2022,
  • Updated Jan 8, 2022 2:01 PM IST

Even as central bankers around the world hike interest rates, Reserve Bank of India Governor Shaktikanta Das is holding firm. He wants to support growth as long as he can with low interest rates despite the RBI's inflation projection hovering around the higher band of 6 per cent. Das has kept the benchmark repo rate unchanged at 4 per cent for 20 months. But the process of withdrawing surplus liquidity has begun. Next would be interest rates moving up.

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Even as central bankers around the world hike interest rates, Reserve Bank of India Governor Shaktikanta Das is holding firm. He wants to support growth as long as he can with low interest rates despite the RBI's inflation projection hovering around the higher band of 6 per cent. Das has kept the benchmark repo rate unchanged at 4 per cent for 20 months. But the process of withdrawing surplus liquidity has begun. Next would be interest rates moving up.

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ABOUT THE AUTHOR

Anand Adhikari

Anand Adhikari began his journalism career with the financial weekly Guardian Investor after completing his graduation from Delhi University and ICWA in the mid-1990s. He then moved to the Delhi bureau of  Kolkata based 'The Telegraph.'

He relocated to Mumbai, the financial capital, with the Hindustan Times Group in the late 90s.

In a career spanning two and a half decades,  Adhikari has covered financial markets, corporate sector, banking, debt market, economy, central banking, and insurance. He is currently the Managing Editor of Business Today.

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