Monetary Policy

No price stability without financial stability: RBI Governor Malhotra

RBI Governor Sanjay Malhotra says monetary policy and financial stability cannot be separated completely, as the central bank steps up measures to curb rupee volatility

State-owned banks raise repo-linked lending rates by 25 bps after RBI move

Several banks, including BoB, PNB and Indian Bank, raise repo-linked lending rates by 25 bps after the RBI's policy rate increase, making loans costlier for borrowers

Geopolitical risks and monetary policy

Central banks need to factor in geopolitical risks before they materialise, not treat them as a sideshow

Much needed policy adjustment

With inflation risks rising, RBI signals a measured tightening cycle ahead

Govt bond yields near three-year high after RBI's hawkish policy shift

The benchmark 10-year government bond yield rises to 7.24 per cent as the RBI shifts to withdrawal of accommodation, with foreign outflows and oil prices adding pressure

Rate hike to widen banks' margins as EBLR-linked loans reprice faster

Deposit rates may rise with a lag, credit demand seen holding up

Rupee settles at 2nd weakest close of 96.78 as RBI fails to lift sentiment

The rupee records its second-weakest close as external pressures and weak dollar inflows weigh; RBI Governor Sanjay Malhotra says the currency may be undervalued

Benefit to economy is goal, not cost of RBI operations: Governor Malhotra

RBI Governor Sanjay Malhotra says profit or surplus is incidental to the central bank's operations, stressing overall economic benefits amid questions over swap costs.

Hawkish hike, but measured path ahead

Depending on growth-inflation dynamics, the repo rate could rise to 6-6.25 per cent next year

A new policy cycle

More repo rate increases are imminent

RBI MPC lowers FY27 inflation forecast to 5%, projects GDP growth at 6.7%

RBI MPC October 2026: The policy committee raised the repo rate to 5.5% and changed the stance to 'calibrated tightening'

This RBI cycle looks different

For the repo rate to remain an effective signal, the weighted average call rate needs to be aligned with it

RBI may continue liquidity absorption as it begins rate-hiking cycle

Core liquidity surplus remains around ₹10 trillion, keeping the focus on RBI's liquidity operations as markets expect a 25-basis-point repo rate increase this week

Policy response

Compelling reasons for an increase in the repo rate

10 years of inflation targeting: How elephant was driven away to the jungle

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

Business Standard poll: RBI may hike repo rate by 25 bps in October meet

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

Liquidity normalisation key before RBI embarks on interest rate hikes

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

RBI receives ₹1.42 trillion bids against ₹2 trillion in overnight VRRR

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

'Not suggesting next policy move is a hike, but there is a need to relook'

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 flags 'chalk and cheese' divide in RBI's monetary policy signals

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