The 610th gathering of the Central Board of Directors of the Reserve Bank of India was conducted on Wednesday(4 September 2024) in Mumbai, with Governor Shaktikanta Das heading the meeting.

The central bank assessed the current global and domestic economic situation, prospects, and challenges. The Board also evaluated various aspects of the Reserve Bank of India’s activities, including the performance of Local Boards and the operations of specific central office departments.

Deputy Governors Michael Debabrata Patra, M Rajeshwar Rao, and T Rabi Sankar, along with other Central Board directors such as Satish K Marathe, Revathy Iyer, Prof Sachin Chaturvedi, Venu Srinivasan, Pankaj Ramanbhai Patel, and Ravindra H Dholakia, were present at the meeting.

Ajay Seth, Secretary of the Department of Economic Affairs, and Nagaraju Maddirala, Secretary of the Department of Financial Services, also participated in the meeting.

Despite uncertain global economic conditions, challenges arising from supply chain pressures related to international freight and container expenses, and semiconductor shortages, the Indian economy remains robust, as per RBI’s ‘State of the Economy’ report.