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Last week, the US SEC approved ETFs based on bitcoin, a move that sent cryptocurrency prices soaring worldwide. Das has steadfastly maintained over the years that cryptocurrencies pose immense threats to currency and monetary stability and could be the source of the next major global financial crisis. ....
"On the exchange rate front, the Indian rupee (INR) has exhibited low volatility and orderly movements relative to peers despite elevated US treasury yields and a strong US dollar," Das said. ....
Talking about the growth, the Governor said the country’s economy displayed exemplary resilience post-pandemic and rebounded strongly from a contraction of 5.8 per cent in FY2021 to a growth of 9.1 per cent in FY2022 and 7.2 per cent in FY2023. ....
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