The Reserve Bank of India (RBI) Governor Sanjay Malhotra said the central bank will do “whatever is required” to ensure orderly movements in the foreign exchange market.
Reserve Bank of India (RBI) Governor Sanjay Malhotra has said that India may need to increase retail fuel prices if the conflict in West Asia continues for a prolonged period.
The Reserve Bank of India (RBI) Governor Sanjay Malhotra said that India’s macroeconomic fundamentals remain robust despite geopolitical tensions and flagged risks from high public debt in major economies.
Reserve Bank of India (RBI) Governor Sanjay Malhotra, commenting on the ongoing tensions in the Middle East, said, “We are, therefore, in a wait-and-watch mode now.”
The signal from the Reserve Bank of India is subtle but consequential: India may be settling into an extended phase of relatively low interest rates.
The MPC has also revised the average headline inflation for this year to 2.6 per cent from the earlier projection of 3.7 per cent in June and 3.1 per cent in August.
Engineering exports promotion body EEPC India has urged the government to reinstate the Interest Equalisation Scheme, ensure affordable export finance, and provide support to absorb part of the punitive tariff imposed by the US on engineering exports from India.
Reserve Bank of India (RBI) Governor Sanjay Malhotra described the global environment as uncertain, citing trade disruptions and geopolitical tensions, and said, “We are now at a critical juncture”.
RBI Governor Sanjay Malhotra clarified that minimum balance requirements for savings accounts are set by individual banks, not regulated by RBI. This follows ICICI Bank’s recent hike in minimum balance limits, sparking customer concerns and social media criticism.
Reserve Bank of India Governor Sanjay Malhotra on Monday said setting up a minimum balance in the savings accounts is not in the regulatory domain, and the RBI has left it to the banks to decide.
