RBI

February 14, 2025 10:11 PM

India’s forex reserves rise for third consecutive week, reach $638.26 billion

India's foreign exchange reserves continued their upward trend for the third consecutive week, reversing a months-long decline, according to data released by the Reserve Bank of India (RBI) on Friday. For the week ending February 7, the country’s forex reserves rose by $7.65 billion to $638.261 billion. This recovery follows a sharp slump that saw reserves fall in 15 of the previous 16 weeks, reaching an 11-month low. India’s reserves had been steadily declining since hitting an all-time h...

February 12, 2025 6:32 PM

India’s CPI inflation falls to 5-month low of 4.31% in January

India’s retail inflation rate, based on the Consumer Price Index, fell to a five-month low of 4.31% in January as prices of vegetables and pulses eased, bringing respite to household budgets, according to figures released by the Ministry of Statistics on Wednesday. The easing of inflation reflects a steadily declining trend after reaching a 14-month high of 6.21% in October. CPI inflation had fallen to 5.48% in November and 5.22% in December. Food inflation, at 6.02% in January 2025, is the ...

February 12, 2025 11:08 AM

RBI to inject Rs 2.5 lakh crore to enhance liquidity in banking system

The Reserve Bank of India (RBI) was all set to inject Rs 2,50,000 crore through its Variable Rate Repo (VRR) auction on Wednesday to enhance liquidity in the banking system. The Central Bank has stated that the amount has been decided based on an assessment of the liquidity conditions. The Reserve Bank also said it will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice. RBI Governor Sanj...

February 8, 2025 3:14 PM

RBI hints further steps to ensure liquidity, US tariff uncertainties to cool off soon

The Reserve Bank of India (RBI) has always focused on ease of credit and will take further steps to ensure that enough liquidity remains in the banking system as there is "room for improvement", Governor Sanjay Malhotra said on Saturday, adding that US-related tariff uncertainties will cool off in the coming months. Addressing the media along with Union Finance Minister Nirmala Sitharaman in the national capital, Malhotra also said the central bank is not targeting any price band for the rupee ...

February 7, 2025 4:47 PM

RBI defers rollout of LCR norms by a year in big relief to banks

In a big relief for banks, RBI Governor Sanjay Malhotra announced on Friday that the implementation of the proposed Liquidity Coverage Ratio (LCR), as well as project financing norms, will be deferred by a year and will not be implemented before March 31, 2026. He said that the step has been taken as the earlier deadline of March 2025 does not give sufficient time for the implementation of these guidelines. The RBI does not want to cause a disruption in the financial system and will ensure a sm...

February 7, 2025 2:56 PM

RBI forms Working Group to review trading and settlement timings of financial markets

The Reserve Bank of India (RBI) on Friday established a 9-member Working Group to conduct a comprehensive review of the trading and settlement timings for financial markets. The group will examine various developments in the financial sector over recent years, including the increased electronification of trading, the availability of Forex and certain interest rate derivative markets operating on a 24x5 basis, the growing participation of non-residents in domestic financial markets, and the roun...

February 7, 2025 11:46 AM

RBI projects 6.7% GDP growth for FY26; inflation in FY25 to remain at 4.8%

The Reserve Bank of India (RBI) has projected a real GDP growth of 6.4% for FY25, with expectations of economic activity picking up in the second half of the fiscal year. This growth is anticipated to be driven by improvements in agriculture and manufacturing sectors. RBI Governor Sanjay Malhotra, while announcing the outcome of the Monetary Policy Committee (MPC) meeting, stated that for FY26, GDP growth is estimated at 6.7%. The quarterly projections for FY26 are as follows: Q1 FY26: 6.7%, Q2...

February 7, 2025 10:54 AM

RBI cuts repo rate by 25 bps to 6.25% in first policy review

Reserve Bank of India (RBI) Governor Sanjay Malhotra confirmed that the Monetary Policy Committee (MPC) had unanimously decided to reduce the policy rate by 25 basis points (bps), from 6.50% to 6.25%. Malhotra addressed the challenges posed by the global economic landscape, highlighting that while high-frequency indicators suggest resilience and growth in trade, overall global growth remains below historical averages. He said, "Progress on global disinflation is stalling, hindered by services p...

February 7, 2025 9:54 AM

RBI likely to cut repo rate by 25 Bps in Governor Sanjay Malhotra’s first policy move

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to announce its first monetary policy under new Governor Sanjay Malhotra on Friday. Experts predict that the central bank may reduce the repo rate by 25 basis points (bps) to stimulate economic growth while keeping inflation under control. According to a report by Bank of Baroda, inflationary pressures have eased, primarily due to a decline in the prices of essential vegetables such as tomatoes, onions, and potatoes. Thi...

February 6, 2025 8:35 PM

RBI may cut repo rate by 50 basis points to boost economy: ASSOCHAM

The Reserve Bank of India (RBI) is expected to cut the benchmark policy repo rate, which stands at 6.50 per cent, by at least 50 basis points to support economic growth, a top industry body said on Thursday. To help the economy tide over the crisis following the Covid-19 pandemic, the central bank last reduced the repo rate by 40 basis points to 4 per cent in May 2020. After consulting key stakeholders, the Associated Chambers of Commerce and Industry of India (ASSOCHAM) believes that the Indi...