RBI

April 15, 2025 3:10 PM

Morgan Stanley projects RBI rate cuts, Sensex at 82,000 by December 2025

The Reserve Bank of India (RBI) is expected to adopt a deeper monetary easing cycle amid slowing growth and easing inflation, according to a Morgan Stanley report released on Tuesday. The global brokerage firm anticipates a cumulative rate cut of 100 basis points, with two additional cuts likely in 2025. India’s GDP growth is projected at 6.1% for FY26, factoring in ongoing global uncertainties. The report also forecasts the Sensex to reach 82,000 by December 2025—around 9% higher than curr...

April 9, 2025 2:30 PM

RBI cuts inflation forecast to 4% for FY26 on improved food outlook

The Reserve Bank of India (RBI) has revised its inflation forecast for 2025-26 to 4.0%, down from 4.2%, citing a significant improvement in the food inflation outlook, RBI Governor Sanjay Malhotra said on Wednesday. “Headline inflation moderated in January-February 2025 following a sharp correction in food inflation,” Malhotra stated, adding that uncertainties around Rabi crops have eased. Second advance estimates point to record wheat and higher pulse production, which, along with robust K...

April 9, 2025 11:11 AM

RBI cuts repo rate by 25 bps to 6% amid deepening global trade war

The Reserve Bank of India (RBI) on Wednesday cut the repo rate by 25 basis points, reducing it from 6.25 per cent to 6 per cent, in a bid to support the economy amid growing global headwinds stemming from sweeping tariffs and retaliatory duties imposed by US President Donald Trump on several countries, including India. Announcing the decision after the MPC's three-day meeting held on April 7, 8, and 9, RBI Governor Sanjay Malhotra stated, "After a detailed assessment of the evolving macroecon...

April 8, 2025 2:52 PM

RBI’s policy easing likely to support 10.8% credit growth in FY 2026: ICRA

The Reserve Bank of India's recent monetary policy easing is expected to support year-on-year credit growth of around 10.8% in FY2026, amounting to an expansion of ₹19 lakh crore to ₹20.5 lakh crore, according to a report by ratings agency ICRA released on Tuesday. Key measures contributing to this anticipated growth include the recent repo rate cut, the deferment of proposed changes to the Liquidity Coverage Ratio (LCR) framework, and relaxation in additional provisioning norms for infrast...

April 7, 2025 2:15 PM

RBI MPC begins, likely to go for 25 bps rate cut on April 9, says SBI report

As the Reserve Bank of India (RBI) began its Monetary Policy Committee (MPC) meeting (from April 7 to April 9) here, SBI Research on Monday said it expects a 25-basis-point rate cut in the policy, and that the cumulative rate cut over the cycle could be at least 100 basis points, with two successive rate cuts in February and April. With an intervening gap in June, the second round of rate cuts could start from August, the SBI report said. “During February 2025 to March 2026, we expect at lea...

April 1, 2025 3:32 PM

RBI pivotal in India’s rise as global digital payments leader: President Murmu

The Reserve Bank of India (RBI) has been instrumental in positioning India as a global leader in digital payments, President Droupadi Murmu said on Tuesday. Speaking at the closing ceremony of RBI’s 90th Anniversary commemoration in Mumbai, President Murmu credited the central bank for continuously modernizing India’s payment infrastructure, ensuring secure and seamless transactions. She highlighted the transformative impact of Unified Payments Interface (UPI), which has revolutionized...

March 26, 2025 11:53 AM

Revised RBI priority sector lending norms to further boost economy: SBI report

The recent amendments to the priority sector lending (PSL) guidelines by the Reserve Bank of India (RBI) are expected to accelerate economic growth and strengthen key sectors such as MSMEs, agriculture and allied industries, housing, and exports, according to a report by SBI Research released on Wednesday. This week, the RBI issued revised PSL guidelines to facilitate better targeting of bank credit toward priority sectors. The new guidelines will come into effect from April 1. According to th...

March 23, 2025 1:20 PM

India’s forex reserves rise by USD 305 million to USD 654.3 billion

India’s foreign exchange reserves increased by USD 305 million, reaching USD 654.271 billion in the week ending March 14. This rise follows the previous week’s surge, which marked the highest weekly gains in over three years. Prior to these recent increases, forex reserves had experienced a steady decline for about four months, slipping to an 11-month low. The trend has since seen fluctuations, with alternate weeks of gains and declines. India’s forex reserves had earlier reached an all-...

March 16, 2025 3:37 PM

PM Modi congratulates RBI on winning Digital Transformation Award 2025

Prime Minister Narendra Modi on Sunday extended his congratulations to the Reserve Bank of India (RBI) for winning the prestigious Digital Transformation Award 2025 by Central Banking, London. PM Modi shared his appreciation on social media platform X, quoting RBI’s announcement and calling the achievement a significant milestone. He highlighted the role of digital innovation in strengthening India’s digital ecosystem and empowering millions of people across the country. "A commendable acc...

March 7, 2025 4:23 PM

India’s growth outlook strong, RBI likely to cut rates again in April: HSBC report

India’s long-term economic outlook remains robust, with the investment cycle on a steady medium-term uptrend, according to HSBC Mutual Fund’s Market Outlook Report 2025, released on Friday. The report attributes this positive trajectory to government-led infrastructure and manufacturing investments, rising private sector investments, and a recovering real estate cycle. The report anticipates increased private investments in renewable energy, high-tech manufacturing, and deeper integration i...