RBI Governor

The Reserve Bank of India (RBI) on Friday absorbed Rs 2.23 lakh crore from the banking system amid surplus liquidity by conducting a variable rate reverse repo (VRRR) auction. The central bank received bids worth Rs 2,22,629 crore, which it accepted fully, for a notified amount of Rs 2.25 lakh crore. The amount was accepted at a weighted average rate of 5.24 per cent, the RBI said in a release. The RBI has been conducting VRRR auctions since last month in order to absorb excess liquidity from the banking system and align the overnight money market rates to the repo rate. As of September 17, liquidity in the banking system is estimated to be in surplus of around Rs 6.94 lakh crore, as per RBI data. As part of the liquidity adjustment strategy, the central bank on Thursday sold government securities worth Rs 50,000 crore through Open Market Operations (OMO). The remaining two tranches of G-sec sales of Rs 25,000 crore each are scheduled for September 21 and September 28. The bankin

Reserve Bank of India Governor Sanjay Malhotra met Finance Minister Nirmala Sitharaman on Monday. "Sanjay Malhotra, Governor-@RBI calls on @nsitharaman," the office of the Finance Minister said in a post on X. The meeting comes weeks after India logged a record 7.8 per cent GDP growth in the first quarter of the current financial year despite global uncertainties. The next meeting of the Monetary Policy Committee (MPC), the RBI's rate-setting panel, is scheduled for October 5-7, 2026. In August, the central bank kept the short-term lending rate (repo) unchanged at 5.25 per cent for the fourth time in a row. The Reserve Bank should raise the benchmark interest rate by 25 basis points next month and again in December as a countermeasure to persistent external shocks, elevated crude oil prices and signs of broader inflationary pressures, an SBI research report said on Friday. "Just one month back, there were practically not much talks of rate hikes, and most (if not all) expected a

The comments come as the RBI deals with the fallout from record foreign-exchange inflows

RBI Governor Sanjay Malhotra cautions fintechs against exploiting regulatory gaps, urges them to protect customer data and focus on responsible, inclusive innovation

C Rangarajan says reforms are a continuous process and we need new measures to tackle new challenges

The rupee recovered after briefly falling to 95.60 as RBI intervention offset pressure from higher oil prices and growing expectations of a US interest-rate hike

RBI Governor Sanjay Malhotra said member countries are studying digital currencies and payment-system linkages while India also works to expand local currency trade

Malhotra, however, warned that wider AI use entails risks including biased or opaque decisions, along with data privacy and cybersecurity threats

RBI Governor Sanjay Malhotra has said the central bank will remain data-dependent, with resilient growth and contained inflation allowing it to keep policy unchanged despite higher oil prices

The RBI said its FCNR(B) deposit scheme will continue as planned after attracting billions in NRI deposits. It is also preparing to introduce polymer banknotes by early FY28

RBI Governor Sanjay Malhotra says digital payment infrastructure has costs as the Union government weighs bringing back MDR on high-value UPI merchant transactions

Any further policy tightening is likely to remain contingent on a sustained rise in energy prices or evidence of broader, demand-driven inflationary pressures.

RBI MPC meet: At its June monetary policy review, the RBI kept the repo rate unchanged at 5.25 per cent

RBI Governor Sanjay Malhotra says the rupee is undervalued and recent weakness is due to global factors, not India's economy. Here's what it means and why it matters

Most of the $32 billion raised so far has come from the foreign currency non-resident deposit scheme, Malhotra said

"We have to watch out for monsoon… how it progress because a significant population depends on agriculture," he said

RBI Governor Sanjay Malhotra said inflation risks remain elevated due to West Asia tensions, rising oil prices and the possibility of a weak monsoon, even as supply-side pressures dominate

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

The film, centred on the RBI governor during the 1991 balance of payments crisis, fails to offer a 360-degree picture

Up to 7% on Dollar Deposits? RBI Opens Short-Term Window for NRIs