In support of a resurgence in private corporate investment and private spending, Reserve Bank Governor Sanjay Malhotra and the other five members of the rate-setting panel voted earlier this month for a 25 basis point drop in the repo rate. On April 9, Governor Malhotra’s Monetary Policy Committee (MPC) lowered the short-term lending rate by…
In light of strong agricultural output and declining crude prices, the Reserve Bank of India (RBI) reduced its inflation forecast for FY26 on Wednesday from 4.2% to 4% from 4.2% in February. The RBI’s Monetary Policy Committee (MPC) examined the state of the economy during its policy meeting and identified a significant improvement in food…
For the week ending January 12, India’s foreign exchange reserves increased by USD 1.634 billion to USD 618.937 billion, the Reserve Bank of India (RBI) reported on Friday. The total reserves have dropped to USD 617.3 billion from USD 5.89 billion during the previous reporting week. In October 2021, the nation’s forex reserves hit an…
