 RBI Governor Das Earns 'A+' in Global Finance 2023: Great Award

The Reserve Bank of India (RBI) has awarded Governor Shaktikanta Das an 'A+' rating in the Global Finance Central Banker Report Cards 2023. The award recognizes central bank governors who have demonstrated exceptional leadership in their respective countries.

Das is among three central bank chiefs to earn an 'A+' grade in the report. The Global Finance Central Banker Report Cards grade the world's leading central bankers on a scale of A to F, based on objective and subjective metrics. The report is compiled by Global Finance editors with input from financial industry sources and is based on performance from July 1, 2022, to June 30, 2031.

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Governor Shaktikanta Das was positioned at the top among three central bank governors receiving an 'A+' grade. The other two awardees are Switzerland's Thomas J Jordan and Vietnam's Nguyen Thi Hong.

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The Global Finance Central Banker Report Cards, published annually since 1994, serve as a benchmark for evaluating central bank governors in 101 key countries, territories, and districts.

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The ratings are determined on a scale from A to F, assessing success in areas such as inflation control, economic growth, currency stability, and interest rate management. An 'A' grade signifies outstanding performance, while an 'F' indicates a lack of success.

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Global Finance is renowned for its selection of top performers among financial institutions and providers of financial services, setting a standard of excellence in the global financial community.

Understanding the Federal Reserve of the United States The Federal Reserve of the United States, established by Congress in 1913, functions as the central bank of the United States. Its role includes managing monetary policy and overseeing the financial system.

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The Federal Reserve System consists of 12 regional banks, a board of governors, and a Federal Open Market Committee (FOMC). The FOMC is responsible for setting monetary policy by adjusting the federal funds rate, which serves as the overnight interest rate for interbank lending.

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Fill in some text The Federal Open Market Committee (FOMC) comprises 12 members, including the seven members of the Board of Governors of the Federal Reserve System, the president of the Federal Reserve Bank of New York, and four of the remaining eleven Reserve Bank presidents who serve one-year terms on a rotating basis. Some notable members of the FOMC include Jerome Powell, Lael Brainard, Michael Barr, and Michelle Bowman, among others.