Reserve Bank of India

RBI Lowers Key Interest Rate Again, Forecasts 6.5% GDP Growth

06 Jun 2025

The Reserve Bank of India (RBI) surprised markets on Friday by reducing the repo rate by 50 basis points, bringing it down to 5.50%. RBI Governor Sanjay Malhotra made the announcement following the Monetary Policy Committee (MPC) meeting. This marks the third straight rate cut by the central bank this...

RBI Projects 6.5% Growth for India in FY26, Warns of Global Risks

29 May 2025

According to the Reserve Bank of India's (RBI) most recent annual report, India is expected to continue to be the fastest-growing major economy globally in 2025–26, with a forecast growth rate of 6.5 percent. This optimism stems from a strong economy, a strong financial sector, and ongoing government support in...

Indian Rupee Set to Reach 84 Against US Dollar by 2025, Say Global Banks

22 May 2025

International banks are becoming increasingly optimistic about the future of Indian Rupee. Prominent lenders such as Bank of America (BofA), ANZ, and MUFG have raised their forecasts, predicting that the rupee will strengthen to 84 against the US dollar by December 2025. Stronger foreign investment, an improving trade environment, and...

RBI Pushes for Removal of ‘Vostro’ Account Cap to Boost Rupee-Denominated Trade

02 May 2025

India's central bank, the Reserve Bank of India (RBI), has asked the government to raise the cap on foreign banks making use of "vostro" accounts to purchase short-term sovereign debt. This would enhance rupee-denominated trade and investment, two sources and a letter to Reuters said. Local banks hold vostro accounts...

RBI Reduces Repo Rate by 25 bps, Adopts ‘Accommodative’ Policy Stance

09 Apr 2025

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) reduced the policy repo rate by 25 basis points on Wednesday at 10:00 a.m. RBI Governor Sanjay Malhotra announced the cut, bringing the key lending rate down to 6%. This is the first monetary policy in the fiscal...

Who is Poonam Gupta? Meet RBI’s Newly Appointed Deputy Governor

03 Apr 2025

Respected economist and erstwhile World Bank and IMF official Poonam Gupta becomes RBI's Deputy Governor, bringing in international know-how to India's economy. In a significant development, the Indian government has appointed renowned economist Poonam Gupta as the new Deputy Governor of the Reserve Bank of India (RBI) for a three-year...

Reserve Bank of India Discusses Economic Situation and Appreciates Outgoing Governor’s Service

20 Dec 2024

The 612th meeting of the Central Board of Directors of the Reserve Bank of India (RBI) took place in Guwahati on Friday, chaired by the newly appointed RBI Governor Sanjay Malhotra. During the meeting, the Board expressed its appreciation for the valuable services rendered by Shaktikanta Das, who served as...

India’s Retail Inflation Declines to 5.48% in November, Within RBI’s Comfort Band

12 Dec 2024

India's retail inflation in November declined to 5.48% as compared to 6.21% in October, falling within the Reserve Bank of India's (RBI) comfort band of 2-6%. The decline in inflation is mainly due to the decline in inflation in the food and beverages group. Rural and Urban Inflation Rates Corresponding...

Meet Sanjay Malhotra: The New Governor Of The Reserve Bank Of India

10 Dec 2024

The Government of India has appointed Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India (RBI). Effective Wednesday, the Appointments Committee of the Cabinet approved Malhotra's appointment for a term of three years. Who is Sanjay Malhotra? Sanjay Malhotra, an IAS officer from the Rajasthan...

Sanjay Malhotra Appointed New Governor of Reserve Bank of India

09 Dec 2024

Revenue Secretary Sanjay Malhotra has been appointed as the new Governor of the Reserve Bank of India (RBI), effective Wednesday. The government confirmed the appointment in an official statement, indicating that Mr. Malhotra will serve a term of three years. Background and Qualifications Mr. Malhotra is a 1990-batch Indian Administrative...

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