Monetary Policy

India can't afford to ignore money growth

With inflation expectations difficult to measure in India's context, monetary aggregates offer a valuable cross-check

Expenditure quality key to states' long-term fiscal health: RBI Governor

RBI Governor Sanjay Malhotra urged states to improve expenditure quality, adopt prudent borrowing and cash management practices, and use ULI and programmable CBDC for direct transfers

Crude nears $120 as W Asia risks collide with Fed rate decision: Analysts

Crude oil prices are heading into another volatile week, with escalating geopolitical tensions in West Asia keeping supply fears alive and the US Federal Reserve's monetary policy decision expected to dictate market direction, analysts said. With Brent crude already crossing USD 117 per barrel, investors will track developments around the Strait of Hormuz, threats to energy infrastructure, and weekly US inventory data for cues on the next move. The American Petroleum Institute and the US Energy Information Administration will release their weekly stock estimates, while Cushing crude inventories and the Federal Open Market Committee's October 27-28 meeting will be in focus, they added. "The near-term bias remains bullish but highly headline-driven; traders should avoid chasing sharp rallies and monitor geopolitical developments, Fed guidance and weekly inventory data for directional confirmation," said Ajit Mishra, SVP - Research at Religare Broking. Any disruption to energy ...

NBFCs' dependence on bank borrowings rose in 2025: RBI October Bulletin

NBFCs saw stronger credit growth, led by retail and industry lending, while their reliance on bank funding increased following the restoration of earlier risk weights, says RBI Bulletin

India's net FDI inflows rise to $13.8 billion in April-August FY27: RBI

Net FDI inflows increased from $9.6 billion a year ago, supported by higher gross inward investment and a slowdown in outward FDI, according to Reserve Bank of India data

As RBI rules out rate cuts soon, fixed deposits become attractive again

With the RBI hiking the policy rate at its recent MPC meeting amid higher geopolitical tensions, fixed deposits could offer a safe harbour for the less risk-averse

Rising overnight rates may spur strong demand at RBI's liquidity auction

Festive cash withdrawals and tighter CRR requirements shrink surplus liquidity, prompting banks to seek short-term funds from the RBI

RBI supplements financial muscle with regulatory heft

Measures to curb dollar demand have strengthened the rupee, but raise costs for importers and leave the durability of the recovery uncertain

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