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
RBI sees India's economy as resilient, but warns that geopolitical tensions, rising oil prices, inflation risks and a weak monsoon could test growth
RBI MPC June: The policy committee kept the repo rate unchanged at 5.25 per cent, and the committee maintained its 'neutral' stance
The Reserve Bank of India's monetary policy committee will decide on the repo rate and announce inflation projections as well on June 5
Malhotra said the rupee currently appears undervalued following a sharp depreciation of around 6 per cent since the West Asia war erupted on February 28
His remarks came after Prime Minister Narendra Modi urged voluntary austerity, including cutting down on petrol and diesel use and putting off gold purchases, to preserve foreign exchange reserves