A new rate game begins. What’s inside the RBI’s new playbook?
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A new rate game begins. What’s inside the RBI’s new playbook?
RBI rate hike in October monetary policy marks a sharp shift to calibrated tightening, raising the repo rate to 5.5%. RBI Governor Sanjay Malhotra is prioritising inflation risks as crude oil, food prices and inflation expectations rise. Strong FY27 GDP growth at 7.1%, rapid credit growth and tight»»»
Small MDR fee unlikely to dent UPI volumes, says RBI Governor Sanjay Malhotra
A small merchant discount rate (MDR) on UPI transactions is unlikely to have a major impact on transaction volumes, Reserve Bank of India Governor Sanjay Malhotra said on Wednesday, asserting that the central bank has so far seen no decline in volumes. “As of now, we do not see any drop in volumes.»»»
‘Rate cuts off the table’: Why RBI hiked repo rate by 25 basis points but also raised GDP growth forecast to 7.1%
The MPC observed that geopolitical developments continue to make the global environment difficult. RBI governor Sanjay Malhotra announced the Monetary Policy Committee’s (MPC) decision to hike repo rate by 25 basis points on Wednesday. Repo rate is the rate at which RBI lends money to banks and it »»»
How India's RBI could tackle a liquidity deluge triggered by dollar deposits
MUMBAI (Sept 3): The Reserve Bank of India's special dollar deposit scheme drew a larger-than-expected US$127.23 billion, leaving the central bank having to deal with a problem of plenty. The dollar deposits, swapped by banks directly with the RBI, have pushed the liquidity surplus in India's banki»»»
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