Monetary Policy

India's inflation-targeting framework has anchored price expectations, but economists see scope to refine its mandate

RBI may raise repo rate by 25 bps in October as higher crude prices raise inflation risks, while resilient growth could prompt an upward revision to the FY27 growth forecast

With global central banks raising rates, RBI may need to drain excess banking liquidity and align overnight rates with the repo rate before embarking on a fresh tightening cycle

Central bank will conduct a three-day VRRR auction on Friday to absorb ₹3 trillion from the banking system; surplus liquidity stood at ₹3.75 trillion on Wednesday

RBI MPC member Saugata Bhattacharya says the repo rate may need reassessment if inflation broadens, but current data does not warrant a rate-hike cycle

SBI Research says the MPC minutes carried a more hawkish tone than the RBI governor's remarks, leaving markets uncertain about the future course of interest rates

Large interventions across markets call for greater coherence in the RBI's policy framework

RBI MPC August: The policy committee kept the repo rate unchanged at 5.25 per cent, and the committee maintained its 'neutral' stance

All eyes on whether the policy tone turns less dovish

From monetary policy and aviation to foreign investment, climate action and public health, today's editorials examine why complex challenges need coordinated solutions

Nippon India MF expects the RBI to keep rates unchanged for now, while forecasting a limited 50-75 bps rate hike cycle over the next 12-15 months

June inflation rose above the RBI's 4% target, with food, oil prices and monsoon risks clouding the outlook, making a status quo on rates the likely policy choice

Indian-origin leaders Raghuram Rajan, Raj Chetty and Asha Sharma will head key US Federal Reserve task forces reviewing monetary policy and institutional reforms

Central bank chief says RBI is monitoring the inflation impact of higher crude oil prices, while highlighting India's stronger external position and resilient banking system

Alan Greenspan's legacy spans economic stability, financial deregulation and debate over the 2008 crisis, while his views on India underscored the need for deeper reforms

Stepping in may address immediate pressures, but fewer distortions and freer markets could deliver more durable outcomes

RBI Monetary Policy Committee members highlighted risks of inflation becoming broad-based and stressed uncertainty around growth and prices due to the West Asia conflict

The 2026 oil shock is testing emerging economies, with fuel pricing, exchange-rate flexibility and inflation control set to determine growth outcomes

RBI has unveiled a five-pronged plan to attract foreign capital, boost dollar inflows, ease banking liquidity pressures and support the rupee

The decision to hold rates was unanimous. The MPC also retained the neutral stance on policy