RBI

Saugata Bhattacharya stated there are few indications the Indian economy is overheating. He noted several factors that could shape growth and monetary policy.

May 05, 2026 Reported by AI

The Indian rupee continues to weaken against the US dollar. On Tuesday, it hovered around 95.36 in early trading. Since the beginning of this year, the currency has fallen by around 5.64 per cent.

The Reserve Bank of India's Monetary Policy Committee on Wednesday kept the key policy rate, the repo rate, unchanged at 5.25 per cent. Amid uncertainties from the West Asia conflict, the committee retained its neutral stance. It has lowered the GDP growth forecast to 6.9 per cent for FY27.

April 07, 2026 Reported by AI

India's Supreme Court ruled on Tuesday that borrowers have no legal right to a personal or oral hearing before banks classify their accounts as 'fraud' under RBI's Master Directions. A bench of Justices J B Pardiwala and K V Viswanathan held that issuing show-cause notices, providing evidence, eliciting replies, and passing reasoned orders meet fairness requirements.

RBI officials stated that the near-term economic outlook remains favorable and well-positioned to sustain high growth momentum, driven by consumption, investment, and productivity-enhancing reforms. Inflation is expected to remain benign and near the target. However, global conditions introduce some volatility.

February 06, 2026 Reported by AI

The Reserve Bank of India's Monetary Policy Committee decided to keep interest rates unchanged at 5.25% in its February meeting, citing improved growth prospects from the recent India-US trade deal. This pauses a series of rate cuts from 2025 amid benign inflation. The decision reflects optimism about GDP growth and external sector stability.