Less restrictive policy and no explicit exchange rate targeting: Takeaways from RBI Governor Sanjay Malhotra’s first monetary policy
Though the RBI cut the Repo rate, the markets were not very enthused as the reduction was on the expected lines and they were hoping for a change in the stance from neutral with more liquidity infusion.
Fortune India · 44m
RBI MPC meet: India can soar past 7% growth as inflation cools, says RBI governor Sanjay Malhotra
The MPC under the new RBI governor will have to walk a tightrope between taming inflation and boosting economic growth. India’s GDP growth in Q2 FY25 slipped to a seven-quarter low of 5.4%. The monetary policy committee forecasts India’s gross domestic product (GDP) to grow at 6.7% in the financial year 2025-26.
Indiatimes · 1h
Exchange rate policy consistent; not targeting specific rupee level: RBI Guv Sanjay Malhotra
RBI Governor Sanjay Malhotra stated that the central bank's exchange rate policy aims to ensure orderliness and stability, without targeting specific rupee levels. Amid the rupee falling to a record low of 87.
Indiatimes · 8m
India can certainly achieve 7% plus growth rate: RBI Governor Sanjay Malhotra
Reserve Bank Governor Sanjay Malhotra states that India can achieve over 7% growth and should aspire to do so. The RBI projects a 6.7% growth for the financial year 2025-26. Income tax reliefs in the Union Budget will support economic growth without fueling inflation.
Sanjay Malhotra, who just became the 26th Governor of the Reserve Bank of India, led his first MPC meeting amid economic ...
4hon MSN
The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has ...
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