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New Delhi: The Reserve Bank of India’s (RBI) central board, on Friday, deliberated on the state of the local and international economies and related issues, with Governor Sanjay Malhotra presiding over the 620th meeting of the Central bank’s central board of directors. According to a statement from the RBI, the Board also approved the risk-based…
New Delhi: High-frequency indicators suggest that domestic economic activity is holding up in Q3 FY26, although there are some emerging signs of weakness in a few leading indicators, the Reserve Bank of India (RBI) said on Friday. In the monetary policy committee (MPC) minutes, the Central Bank said that GST rationalisation and festival-related spending supported…
New Delhi: Reserve Bank of India (RBI) Governor Sanjay Malhotra expects the key policy rates to remain low for a “long period” based on the RBI’s projections as the Indian economy is recording robust growth while inflation is well under control, according to a report in Financial Times. Malhotra also said that the country’s economic…
The Indian rupee tumbled to a record low of 90.13 against the US dollar on Wednesday. It broke the previous day’s record of 89.9475 and continued the downward trend for the fifth straight session. The fall came amid weak trade and portfolio flows, persistent importer demand, and uncertainty surrounding the India-US trade deal. Market Impact…
New Delhi: Banks in several parts of India are set to remain closed for two days in the upcoming week, as per the latest bank holiday schedule issued by the Reserve Bank of India (RBI). In addition to these regional holidays, banks across the country will also remain shut on Sunday, December 7. It’s important…
On Monday, December 1, 2025, banks will remain closed in selected cities, including Itanagar in Arunachal Pradesh and Kohima in Nagaland, while the closure will not be nationwide. The bank holiday in Itanagar (Arunachal Pradesh) and Kohima (Nagaland) on December 1, 2025 coincides with a State Inauguration Day/Indigenous Faith Day (regional holiday) that is celebrated…
EMIs rising faster than your salary? Feeling the pressure every month and unsure where you went wrong? Most debt traps begin silently—with one bad EMI decision. But is there a rule that keeps you safe? Experts say yes, and this single salary-EMI formula can change everything. Today, many people take loans without checking how much…
New Delhi: India’s foreign exchange (Forex) reserves surged by $5.54 billion to $692.58 billion during the week ended November 14, according to the figures released by the RBI on Friday. The increase was driven largely by a jump in the value of the gold component of the country’s Forex kitty that shot up by as…
New Delhi: Reserve Bank Governor Sanjay Malhotra on Thursday said that the foremost priority of the RBI is to ensure financial stability in the system, and it was working to simplify regulatory requirements where possible while maintaining necessary safeguards and guardrails. In his address at the VKRV Rao Memorial Lecture in the Delhi School of…
New Delhi: India’s economy is expected to grow 7.2 per cent in fiscal 2026, driven by rate cuts, regulatory measures, strong monsoon, government capex and surplus liquidity, a report said on Tuesday. Some impacts from GDP deflators are expected to fade in FY27, taking real GDP growth to 6.5 per cent and nominal growth pace…