RBI | DD News

August 22, 2025 3:32 PM

RBI says flexible inflation targeting framework served India well amid global challenges

The Reserve Bank of India (RBI) has said that the flexible inflation targeting (FIT) framework has performed well since its introduction, meeting the needs of the country even during challenging times. In a recent report, the RBI highlighted that the FIT framework, introduced to maintain price stability in India, has broadly delivered on its objectives. Between its inception and the end of 2019, inflation in India remained low and stable, averaging around 4 per cent. The report stated, “The ...

August 7, 2025 1:35 PM

India’s financial inclusion gains momentum: Report

The foresight to build a financially empowered India, taking banking beyond branches, is making it a success. From remote to urban areas, a wave of change is noticeable across the country with an inclusive financial system. Bank accounts, credits, pensions, and insurance, which were once a luxury for some, are now accessible to all. According to data released by the Reserve Bank of India (RBI), the accessibility of financial services, products and financial literacy has been on the rise. The ...

August 6, 2025 5:05 PM

Rate cut likely in next RBI MPC meet amid global developments: Morgan Stanley

Morgan Stanley on Wednesday said that in terms of policy response, it sees the likelihood of another rate cut by the RBI in Q4 (likely in October policy) amid headwinds from tariff-related developments. In a unanimous vote, the RBI MPC kept the policy rate unchanged at 5.5 per cent, in line with expectations. All members voted to retain the stance at neutral. “The policy statement noted that the benign trend in the headline inflation print is likely to be transitory, on the back to lower foo...

August 6, 2025 3:01 PM

RBI MPC: home loan EMIs and interest rates unchanged as central bank holds repo rate at 5.50%

The Reserve Bank of India’s Monetary Policy Committee (RBI-MPC) on Wednesday decided to keep the repo rate unchanged at 5.50 per cent during its bi-monthly policy review. Keeping the repo rate steady means that Equated Monthly Instalments (EMIs) and the interest burden on home loans will remain unchanged. In its previous meeting, the MPC had cut the repo rate by 50 basis points, reducing it from 6 per cent to 5.50 per cent. The central bank has lowered the repo rate by 100 basis points betw...

August 6, 2025 2:30 PM

US Tariff Hike Unlikely to Impact Indian Economy Significantly: RBI Governor

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said that the recent US tariff hike is not expected to have a major impact on the Indian economy, unless retaliatory tariffs come into play. Addressing a press conference following the monetary policy announcement, Malhotra said, “There might not be a major impact of the ongoing uncertainty over the US tariffs on India’s economy. This is subject to retaliatory tariffs coming into the picture, which we do not foresee.” He a...

August 6, 2025 12:32 PM

RBI retains India’s GDP growth forecast at 6.5% for FY 2025-26

The Reserve Bank of India (RBI) on Wednesday retained its GDP growth forecast for India at 6.5% for the financial year 2025-26, citing robust rural demand supported by a favourable monsoon and continued government expenditure on large-scale infrastructure projects. RBI Governor Sanjay Malhotra said, “The above-normal southwest monsoon, lower inflation, rising capacity utilisation, and favourable financial conditions continue to support domestic economic activity. Supportive monetary, regulato...

August 5, 2025 2:50 PM

Daily UPI-based transactions surpass 700 million for first time

The daily unified payments interface (UPI)-based transactions have crossed 700 million for the first time, touching 707 million, according to the latest National Payments Corporation of India (NPCI) data. The feat was achieved on August 2. Over the past two years, the number of daily transactions has doubled, even though growth has slowed down in comparison to previous years. In August 2023, UPI was registering around 350 million transactions a day, which increased to 500 million daily transac...

August 1, 2025 10:27 PM

India’s forex reserves rise by $2.7 billion to $698.19 billion

India’s foreign exchange reserves increased by $2.7 billion to reach $698.19 billion for the week ending July 25, according to data released by the Reserve Bank of India (RBI) on Friday. The rise was led by foreign currency assets, which went up by $1.31 billion to $588.93 billion. These assets, expressed in dollar terms, include the impact of changes in the value of other major currencies such as the Euro, Pound, and Yen held in the reserves. Gold reserves also contributed to the growth, i...

July 11, 2025 8:11 PM

India’s gold reserves rise by $342 million, forex stands at $699.736 billion: RBI

The country’s gold reserves grew by $342 million during the week, reaching $84.846 billion, according to the latest weekly data released by the Reserve Bank of India (RBI) on Friday. Along with gold, Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) increased by $39 million to $18.868 billion. Additionally, India’s reserve position with the IMF rose by $107 million to $4.735 billion, the data showed. This uptick in reserves comes at a time when both domestic and glo...

July 7, 2025 3:52 PM

India’s economic growth stands out amid global volatility

India has solidified its position as the world's fastest-growing major economy, with real GDP growth estimated at 6.5% in 2024–25 - a pace expected to continue into 2025–26, according to the Reserve Bank of India. This robust performance comes at a time when global economic uncertainty continues to loom. Fuelled by strong domestic demand, easing inflation, and rising exports, the Indian economy has shown resilience across sectors. Key economic indicators - including record-high foreign exch...