RBI MPC reduced the repo rate by 25 basis points to 6 per cent, marking the second cut this year
The likelihood of the RBI going in for another 50bps points rate cut for the rest of the calendar year is very high, says Dr Joseph Thomas, head of research, Emkay Wealth Management
RBI Governor Malhotra warned that increased US tariffs could hinder India's exports and domestic growth, emphasising the central bank's commitment to monitoring inflation risks
RBI's MPC begins 3-day meet from April 7; decision on repo rate to be announced April 9. Markets expect 25 bps cut amid easing inflation, global concerns
On the institutional activity front, FIIs net sold shares worth ₹4,994.24 crore, while DIIs net bought equities of ₹3,097.24 crore, on April 8.
The RBI said that all banknotes in the denomination of ₹500 in the Mahatma Gandhi (New) Series and ₹10 issued in the past will continue to be legal tender
Her appointment comes less than a week before a meeting of the monetary policy committee
Central bank's role has expanded significantly beyond initial mandate, he says
Central bank has ensured financial system's resilience in 'face of any adverse international trends'
The RBI shall continue to be supportive to manage excessive volatility without targeting any particular level or band of exchange rate, said Malhotra
Since taking office in December, Sanjay Malhotra has reduced interest rates for the first time in five years, injected nearly $60 billion into the banking system
Only a matter of time when cross-border payments will become much easier and cost-effective, says RBI Governor Sanjay Malhotra
He said that the UCBs must maintain high standards of customer service to build and retain trust
According to the RBI data, during 2023-24, the Centralised Receipt and Processing Centre and Offices of Reserve Bank of India Ombudsman (ORBIOs) received 934,000 complaints
"In this age of competition, we will not survive long if we do not provide quality service to our consumers," Malhotra said in a speech on Monday at the annual conference of the RBI Ombudsmen
He also emphasised that the RBI values such interactions with ecosystem participants and would continue to adopt a consultative approach
This is reflected in the measures taken by the central bank in the past few months to spur economic growth and ease liquidity tightness
Members said it was MPC's turn to do its bit after Budget booster
He said that although some people live at subsistence levels and the government must provide certain safeguards, there should be a limit on such provisions
RBI Governor Sanjay Malhotra says market determines rupee depreciation, touches on necessary regulations surrounding cryptocurrency