MUMBAI: RBI has forecast a growth of 6.7% for FY26 while cutting its growth estimate for FY25 to 6.4%, lower than the 6.6% projection made in its financial stability report released in Dec 2024. The central bank also predicts inflation to average 4.2% in FY26, staying within the target zone (2-6%).In his maiden monetary policy…
MUMBAI: India’s financial sector is entering 2025 on a strong footing, buoyed by robust earnings, low impaired assets, and strong capital buffers, RBI governor Sanjay Malhotra said. In his first communication as governor in RBI’s financial stability report, Malhotra said that India’s financial system remained resilient despite uncertainties from geopolitical conflicts, market volatility, and climate…
MUMBAI: The rupee hit a record low of 84.86 against the dollar on Tuesday before closing slightly higher at 84.85 – down from Monday’s close of 84.83. Govt bond yields fell, with the 10-year benchmark dropping one basis point to 6.7%.Sanjay Malhotra’s appointment as RBI governor has fuelled speculation of a dovish monetary policy shift,…
Sanjay Malhotra appointed as RBI Governor: Revenue Secretary Sanjay Malhotra has been named the 26th Governor of the Reserve Bank of India (RBI), according to an official notification issued by the Centre’s Cabinet Committee on Monday. Malhotra will assume office on December 11, 2024, following the completion of Shaktikanta Das’s six-year tenure. Das, who was…